Secure Homes Programme

What is the Secure Homes Program?

Secure homes is an assisted ownership programme

The objective of Secure Home is not only to provide quality, affordable housing, but also long-term housing stability and security in the same way that freehold home ownership does.

Relatively new to New Zealand, the Secure Home model was developed by the Queenstown Lakes Community Housing Trust and has been operating successfully there for a number of years. The model is popular overseas.

How does it work?

The qualifying family buys the home at cost to construct. If it cost the developer $400,000 to build the home, that’s what the purchaser pays.

Bridge Trust owns the land on which the home sits.

The family buys a 100 year lease to the land – this is set at well below market rates and only increases at the CPI rate each year.

The family pays its mortgage on the home, rates, insurance and the ground lease – in most cases, this works out to be less than a rental equivalent in the same market

When the family decides to leave the home, it sells the house back to Bridge Trust at the original price, plus CPI.

Bridge Trust then sells the home to the next qualifying family

Who is eligible?

To be eligible to apply for Secure Home you must first meet the following basic criteria:

  • First time home buyers
  • The property must be used exclusively as the household’s primary residence and must not be vacated by the household for any more than four weeks over a 12 month period.
  • The applicant’s combined household income must not exceed a certain level, which is determined by the size of the household.
  • At least one person from the household entering into the Secure Home Agreement must be a New Zealand resident or citizen.
  • Once the above eligibility criteria have been met, you must then show that you can meet the specific financial requirements of the Secure Home Programme, which includes bank approval for a home loan.
  • The Secure Home must be the resident’s only property; if you already own a home or land, you are ineligible for the Secure Home Programme.

Useful Links

First Home Grants

You may be eligible for a first home grant of up to $10,000


Find out how you can access your KiwiSaver 

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