Home own­er­ship dream comes true

Central Leader - - NEWS - By KELLY DEN­NETT

As property val­ues in Auck­land be­gan to soar last year, Si­mon Mathe­son slowly saw his dream of own­ing his own home ebb away.

When the 28-year-old de­cided to move back in with his par­ents to start se­ri­ously sav­ing for a house he couldn’t have imag­ined how hard it was go­ing to be.

Af­ter look­ing at prop­er­ties in and out of West Auck­land and re­search­ing home loan pro­grammes in­clud­ing the Govern­ment’s Wel­come Home Loan scheme, he nearly gave up.

‘‘I was watch­ing the news ev­ery night and think­ing I’m go­ing to be at home for­ever,’’ he says.

‘‘I pretty much looked at ev­ery­thing but there was noth­ing I could do on my own, I would have needed help.

‘‘It didn’t look like it was go­ing to hap­pen.’’

That all changed in Oc­to­ber last year af­ter he did some re­search into an apart­ment at Hob­sonville Point’s new Brick­works de­vel­op­ment.

The unit is one of 500 Axis Se­ries houses, in­clud­ing 12 apart­ments ear­marked for first home buy­ers at Hob­sonville Point.

Five build­ing com­pa­nies as­so­ci­ated with that de­vel­op­ment must sell 20 per­cent of their dwellings for $485,000 or less.

De­mand for the scheme has been so pop­u­lar com­pa­nies say they are hav­ing to use a bal­lot sys­tem to de­cide on the re­cip­i­ents.

But Hob­sonville Land Com­pany sus­tain­abil­ity man­ager Katja Li­etz says while ap­pli­ca­tions for most Axis Se­ries houses have been over­sub­scribed, in­ter­est in the apart­ments wasn’t as strong.

‘‘Which is re­ally in­ter­est­ing and we’ve found our­selves won­der­ing why as well,’’ she says.

‘‘First home buy­ers might be younger and un­sure about the apart­ments.

‘‘It could be they might be think­ing about start­ing a fam­ily and think­ing about whether they want to be in one.’’

Oth­ers may have bought an apart­ment out­side of the scheme, un­aware the op­tion was avail­able to them, she says.

Mr Mathe­son hadn’t thought about liv­ing in an apart­ment be­fore but cou­pled with the lo­ca­tion the op­tion seemed ideal, he says.

‘‘Just look­ing at the plans I think the area is go­ing to rocket.

‘‘I love it. It’s close to my fam­ily and my foot­ball club, there’s a ferry, a restau­rant and hope­fully one day a bar.

‘‘Ev­ery­body I talk to about it is just rav­ing about the area.’’

Mr Mathe­son pur­chased a north­fac­ing unit with a bal­cony for $349,000.

He had to pay 10 per cent up front with an­other 10 per cent due when con­struc­tion is com­pleted early next year.

Mr Mathe­son is look­ing for­ward to mov­ing in.

‘‘It’s go­ing to be awe­some. I wish I could have done it ear­lier.’’

Photo: KELLY DEN­NETT

Home owner: Si­mon Mathe­son, 28, is one of the first to buy into Hob­sonville Point’s Brick­works apart­ments as part of first home owner’s scheme Axis Se­ries.

Newspapers in English

Newspapers from New Zealand

© PressReader. All rights reserved.