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

Most of the home builders in NZ and not only wellington, are apprehensive of the proposed $5000 remission scheme. As they think this will not be able to make people want to build.

  Elaborating on this they said that the average first-home builder was looking at a minimum of $200,000 for a plot and $400,000 minimum for a build.

                     Most  of the time it is a case of under productivity as people will buy the land but when the builders will cost it for them, the costs will fly out of their budget plans. So, most of them have to say no to build in the budget that they are talking about.

                        Those who did pursue a first build had more money than the average. Mostly it’s the parents who are funding the new house.

     However, some of the builders were supportive of the rates remission, but also doubted whether it would boost the stock of inner-city homes.

                   But were of the opinion that it certainly wouldn't do any harm to try this. Even if this doesn’t work, the message that the council is giving out a rates rebate, that's a message that the council is supporting first-home builders. This could only encourage home buyers into home builders.