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New Zealand to build 34,000 new houses in Auckland

Staff Writer |
New Zealand announced a land and building program that will see tens of thousands of new houses built in its largest city Auckland in the next decade.

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Social Housing Minister Amy Adams said the Crown Building Project will replace 8,300 old, rundown houses in Auckland with 34,000 brand new purpose-built houses in 10 years, 24,300 of which will be built by Housing New Zealand through their Auckland Housing Program.

"This is a significant undertaking for the government, for taxpayers, and for our Social Housing reforms. It's the equivalent of three and a half new houses on every street across Auckland," Adams said.

These houses will be provided "for most vulnerable families, for first-home buyers, and for the wider market," she said, adding that more social houses for Aucklanders will be built to helping provide "a pathway into independent, affordable housing."

Auckland's median house price reached a new high in November of 851,944 NZ dollars (587,586 U.S. dollars), a year-on-year rise of 11.4 percent, making homes increasingly unaffordable for ordinary Aucklanders.


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