Six new affordable KiwiBuild houses in the expensive Wanaka market remain unsold despite being marketed since October for just $565,000 to $635,000 – around $100,000 cheaper than other similar places in the same area.
KiwiBuild says eight homes are currently under construction at Northlake and seven have been completed.
All up, more than 800 new places are being developed at Northlake, a few minutes’ drive from Wanaka’s established town centre. The subdivision has shops, a playground and recreation areas, offices and dining outlets.
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Source: The New Zealand Herald