Frequently Asked Questions
What sort of ownership are these properties?
Some of the properties sold are stratum in freehold, also known as a unit title. This is the same concept as purchasing a property in full, in the general market, but available at discounted prices.
A portion of the properties are sold in the form of shared equity through our First Home Partner programme, which will eventuate to freehold ownership.
Some are sold as leasehold properties, under our Secure Homes programme.
What is the assisted homeownership?
What is the process of purchasing a home through the assisted homeownership?
A brief outline of the process can be found here.
When could I move into my new home?
Peake Mews: Stage 1 is complete, with our first 8 households having moved in at the end of 2023. Stage 2 is underway, due to be completed and ready for move in mid 2025.
Ohaupo Road: These homes are now ready for move in.
Hinemoa: These apartments are anticipated to be completed and ready for move in late 2026.
How much are the Body Corporate costs per annum?
Body Corporate fees vary between developments – this may sit between $2,000 – $3,500 per annum, per home.
What does the body corporate fee cover?
- Building insurance
- Repairs and maintenance to common areas
- Ground maintenance of common areas
- Electricity and water supplied to common areas
- Rubbish collection (from rubbish collection bay)
- Administration of the Body Corporate
- Long term maintenance plan (subject to Body Corporate approval)
If I decide to purchase, how much deposit do I have to pay now?
5% deposit to be paid on going unconditional.
Where is my deposit held?
The deposit will be paid into a trust account, held by Bridge Housing’s lawyer.
If the project doesn’t go ahead, what happens to my deposit?
If the agreement is cancelled for reasons other than the default of the purchaser, the purchaser will be refunded their deposit.
Can I choose my own colour scheme?
For both Peake Mews and Ohaupo Road, you can select from two colour schemes (light and dark), subject to availability.
There will be only one colour scheme for Hinemoa.
What parking will be available? Will it be a designated space?
Each home within Peake Mews and Ohaupo Road will be allocated a parking space.
A parking space at Hinemoa can be leased at a small additional cost (subject to availability).
What are the planned communal facilities?
The developments will feature outdoor living areas for the community to enjoy.
Who will look after these facilities and who pays for the maintenance?
The Body Corporate is responsible for managing maintenance of all communal areas.
Who will be building the homes?
Stage 1 at Peake Mews has been built by Anthem Homes. Stage 2 is being built by Holah Homes.
Ohaupo Road has been built by Da-Silva Builders.
The builder for Hinemoa is yet to be determined.
Can I have a shed for storage?
Peake Mews: Yes, you can purchase a shed to go in your backyard out of a couple of size/colour options approved by the Body Corporate (options can be seen on request).
Ohaupo Road: For most properties, sheds are not permitted due to visibility to neighbours – feedback on this for a specific property can be obtained from the Body Corporate.
Hinemoa: There will be no space for sheds, however, each unit will have an allocated storage locker.
How sound-proof are the townhouse units?
All townhouses are built to standard, with thick walls between units to provide sound-proofing and fire-proofing.