Colab Series
High-quality homes at a more affordable price
Kāinga Ora is creating a strong community at Lakeside, Te Kauwhata. Strong communities are made up of people from all walks of life and ages and stages, so Lakeside has been master planned to provide for a variety of New Zealanders.
Twenty percent of the houses built at Lakeside will be sold, as freehold homes, at or beneath a predetermined price point. These homes are sold under the Lakeside Colab Series scheme to eligible buyers. The maximum price for these homes is currently set at $650,000.
The Colab Series homes may be smaller or on a smaller piece of land than the open market homes in the neighbourhood, but the quality is just as high.
Lakeside Colab Series homes is a more affordable option aimed at all owner occupiers, whether first home buyers or not.
Are you eligible?
Colab Series homes are sold with simple eligibility criteria and the sales process is managed by the builder. You don’t have to be a first home buyer to be eligible. In some instances, Kāinga Ora may ask you to enter a ballot for a particular home – this is when there is a high level of demand for homes in a specific development. This is done to ensure that the process is fair, and provides an equal opportunity for all interested buyers.
To be eligible for a Colab Series home, you must:
- Be a New Zealand Citizen, Permanent Resident or Resident Visa Holder who is ‘ordinarily resident in New Zealand’ or married to (or in a civil union or de facto partnership with) someone who is legally able to buy a home in NZ.
- Cannot put the home in the name of a Family Trust, company or nominee
- Intend to own and live in the home for the Minimum Ownership Period of two years, calculated from the settlement date of your purchase