HOW TO BUY
HOW TO BUY AN AXIS SERIES HOME?
WHO IS ELIGIBLE?
Axis Series homes are designed for people wanting to purchase their first home in Auckland. To ensure these homes go to the people who they are intended for, their owners:
- must be New Zealand permanent residents or citizens
- must be a first home buyer, or in the same financial position as a first home buyer as deemed by housing New Zealand
- cannot put the home in the name of a Family Trust, company or nominee
- must have a gross household income no higher than $85,000 per annum for a single purchaser and no more than $130,000 per annum, where there is more than one purchaser
- have proof of finance to complete a purchase of an Axis Series home
- will agree to live in the house for a minimum of two years
HOW TO BUY?
Most of the homes at Hobsonville Point sell ‘off the plans’ including the Axis Series homes. Due to the overwhelming demand for Axis Series homes, and to ensure fairness, the builders have introduced a ballot system. The people whose names are drawn from the ballot will get the first opportunity to buy the homes they have registered their interest in. You can reassure yourself that the home you are entering the ballot for is what you want by talking to the building company, visiting their display home and studying plans.
Make sure you have a look at the KiwiSaver HomeStart grant and Welcome Home Loan initiatives to see if you qualify for additional financial support. Then, have a read through the purchasing criteria check list below and see the FAQs if you have any questions.
Once you are sure, the next step is to enter the ballot. Here’s the process in a nutshell:
HOW TO ENTER THE BALLOT
Confirm that you meet the Axis Series criteria outlined in the purchasing criteria checklist.
Download and fully complete the Axis Series First Home Buyer Eligibility Application form. This includes the statutory declaration which will need to be signed in the presence of a lawyer or Justice of the Peace.
Return the form via email or post with the relevant supporting documents to Housing New Zealand (HNZ) who will assess the application and notify you of the outcome. If HNZ deem you as an eligible Axis Series buyer, they will send you a Letter of Eligibility that will enable you to enter the ballot. Please allow at least two weeks before the ballot for your application to be processed.
Register your interest by visiting the building companies at Hobsonville Point and providing each with a copy of your Letter of Eligibility. They will guide you in completing the final section of the Letter which identifies which ballot you are entering.
Enter the ballot by returning your completed Letter of Eligibility to HNZ. HNZ will send you an email or letter informing you of the outcome of the ballot. If you are successful the building company will also contact you directly.
Sign the Sales and Purchase Agreement, once your Solicitor has checked it for you. You’ll pay a deposit at this point and the balance on the completion of your home.