Developer prices 41 homes at $650,000 for first-home buyers
The backers of a new housing development are aiming to give more first-home buyers a leg-up
Forty-one of the 51 three-bedroom, 117 square metre houses being built at Koru Kāinga in Wainuiomata will be priced well-below market rate at $650,000 and will be available only to first-time buyers.
With the national housing crisis having catapulted Lower Hutt’s median house price above $800,000, developers and sellers have been clamouring to get top dollar for their properties, but Koru Homes founder Adrian Chooi is bucking the trend.
Chooi announced his plans to build a smaller development at the site last year, but has since revised the scale.
Poll: Do you set New Year’s resolutions?
🎉 2026 is almost here!
We’re curious ... how do you welcome it?
Do you set resolutions, follow special traditions, or just go with the flow?
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9.6% Yes! New Year, New Me
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21.2% Yes - but I rarely stick to them
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69.2% Nah - not for me
Poll: Is it ok to regift something that you have been given?
🎁 Holiday Gift Chat!
Do you ever regift?
What’s your take on asking for a receipt if a gift doesn’t fit?
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78.8% Yes! It's better to regift what I don't need
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21.2% No. It's the thought and effort that matters
Today’s Mind-Bender is the Last of the Year! Can You Guess It Before Everyone Else? 🌟🎁🌲
I dance in the sky with green and gold, a spectacle few are lucky to behold; I’m best seen in the south, a celestial sight—what am I, lighting up the New Zealand night?
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