Co-Ownership Update: 4-Bedroom Homes At Kirkbride Rd

Co-Ownership Housing Update:  Kirkbride Rd, Mangere Bridge

Last year we launched Co-Ownership Housing with 3 x 4-bedroom homes at Kirkbride Rd, Mangere Bridge.  All 3 of these homes were successfully purchased as Co-Ownership homes by first home buyers.  The homes are nearing completion with settlements expected in the coming months.

Here are some photos from the construction site: 

Good News: One More Opportunity At Kirkbride Rd

Co-Own has managed to secure one more 4-bedroom home at Kirkbride Rd, Mangere Bridge.

How It Could Work As A Co-Own Home:

• First Home Buyer’s Savings / KiwiSaver: $41,750
• Co-Ownership Investment: $208,750
• First Home Buyer’s Mortgage: $584,500

A Reminder About How Co-Ownership Works

• Co-Ownership gives you the opportunity to buy the house at an affordable price and be on the home ownership ladder.
• You purchase a 75% share of the property, Co-Own invests the other 25% of the purchase price.
• You get all the benefits of ownership without having to fund the entire purchase price.
• Your house is on its own title.
• There is a charge for the co-ownership share, this is payable monthly and does not change for five years
• You buy what you can afford now and the rest when you are able to.

 
Co-Ownership Criteria

• Combined household income of $110,000+
• Deposit from savings and/or KiwiSaver of at least 5% of the purchase price.
• Be a New Zealand Citizen or Permanent Resident.
• Have a clean credit history.
• Little or no debt (less than $5,000)
• Comfortable with repayments on a mortgage of $500,000 or greater (we can help you determine if you are able to should you decide to proceed with the opportunity).
• Be buying the property to live in.

To register your interest in this 4-bedroom home, please complete the below application.