Kiwibuild vs Property Market - Price Caps Explained


This article by Kelvin Davidson from CoreLogic looks at the prices paid by First Home Buyers (FHB’s) in the property market and compares them with those paid by FHB’s for a Kiwibuild home.

Buying a new 2 or 3 bedroom home for significantly less than they would pay for a similar (and older) home in the open market and with the confidence that there is nothing to do to it, (always costly), cannot help but be attractive to FHB’s.

The price cap is different in various parts of the country and is worth looking at for first home buyers who are thinking of re-locating from Auckland.