Progressive
Homeownership Scheme

Empowering Pasifika into homeownership at Te Pākau Maru

What is Progressive Home Ownership?

Home ownership is a journey that does not have to be taken alone.

If your borrowing capacity or deposit isn’t enough to purchase a fale, we can partner with you to provide the necessary funds to help cover the difference. We become joint owners with you in the fale, but you have the full rights to live in the home; essentially, we are just a ‘silent’ partner.

We commit to investing in the fale for 15 years, and during that time, we will work with you to take full ownership and buy us out.

We have team members ready to assist with budgeting and navigating your family through this journey.

While our team will be able to help you and your family navigate through this journey, the more information you have ready, will allow a smoother journey to owning your first vale.

Some documents we will need to include:

Payslips
Bank Statements
Employment contract showing annual salary
Information on any consumer debt or pay later schemes you
might have

Have debt? We can talanoa about having a personalised budget for your fāmili to possibly combine any reasonable amount of debt. Having debt is not a deal breaker.

What is involved?

Check out this quick checklist to see if you’re eligible for the scheme:

Your maximum household income is under $150K.

You have a reasonable amount of debt including credit cards, store cards, pay later accounts and personal loans etc.
One owner works full-time.

If you meet the above criteria, you might also be eligible if:

The homes

We have five homes available in the new Te Pākau Maru development, in New Brighton. The homes will be completed by October 2024, ready for you to move in.

2 x two bedroom homes

Sale Price - $580,000

Home Foundation Share - $203,000

Family Share - $377,000