The Government has bumped up the price of an entry-level Auckland or Queenstown KiwiBuild home by $50,000.
The hike for a one-bedroom property comes only three days after the Ministry for Business, Innovation and Employment sent a document to developers, KiwiBuild: 'Buying off the Plans', promising they would cost $500,000.
Housing Minister Phil Twyford told The AM Show on Friday they would now be $550,000.
"It's gone up slightly. We did the original modelling for those price points two years ago, and under Judith's [Collins, National housing spokeswoman] Government's policies, build costs are rampant."
http://www.newshub.co.nz/home/politics/2018/05/govt-hikes-cost-of-one-bedroom-kiwibuild-homes.html
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