Just the incentive first time home buyers needed to build part one

The proposed $5000 rates remission to provide incentive to first time home buyers into getting their house built , has  received mixed feeling from builders here in Wellington. Most builders here believe that  this would do precious little for builders in wellington,  as they fear that this ia not enough to boost the supply of new homes in the city.

                       But after reading our two part series, you will definitely understand how this is benefitical not only for the city to grow horizontally, but vertically too. The wellington City Council has been vocal about increasing the stock of new housing, particularly of apartments.

                                      The rates remission initiative, which would have no impact; on rates, is aimed at New Zealand citizens or residents planning a new build as their first home working by giving back part of the cost of the house back to you.

   The deal is expected to be formally adopted by the council at a meeting on Wednesday, was a way to provide incentive to the construction of apartments. The construction of apartments was stressed more as the council wanted people to be able to afford to live in the central city. Hence wellington needed to grow up, not just out.Quite like other urban centers in NZ. 

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