In partnership with the Ministry of Housing and Urban Development, and Watchman Capital
Home in Place has delivered 28 affordable rental homes in Rotorua through the Affordable Housing Fund.
The development features three-bedroom, two-bathroom homes, designed specifically for moderate-income earners in key employment sectors such as nursing and education. With rents set at 80% of the market rate, these homes will provide affordable housing options for Rotorua's essential workers.
This project will be the first set of properties purchased by Home in Place New Zealand, marking an exciting milestone for the organisation.
This development will provide 28 whānau with affordable, high-quality homes rated Homestar 6-plus for warmth and energy efficiency. The homes offer modern amenities and generous layouts, making them not only affordable but family-friendly as well.
Renters will pay 80% of the current market rent, equating to $480 per week, compared to the standard $600 per week for similar homes. This represents a saving of $120 per week, or $6,240 per year, significantly easing the financial burden on essential workers.
Located near schools, shops, green spaces, and the lakeside, Bennetts Rd is positioned to foster community building while offering affordable, high-quality housing for key workers.
Situated in a prime location, the development is just a short 50-metre walk from Lake Rotorua, and only minutes from a nearby park.
The city centre is also a quick five-minute drive, ensuring easy access to services and amenities.
Home in Place (New Zealand) Ltd
38A Liverpool Street Auckland CBD, AUCKLAND 1010 New Zealand
Ph 0800 124 663
Copyright © 2022 Home in Place (New Zealand) Ltd
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