Frequently Asked Questions


We are building 24 homes. 

A mix of 1, 2 and 4-bedroom terraced homes.

Each home will have an allocated parking space within the development. Parking has been designed in a way that maximises the space for housing.

The prices for the whare are:

  • 1-Bedroom - $395,000
  • 2-Bedroom - $650,000
  • 4-Bedroom (Two Level) - $900,000
  • 4-Bedroom (Three Level) - $940,000
  • 4-Bedroom (Two Level) whare and a 1-Bedroom whare - $1,295,000*

To buy a home, you must:

  • Be at least 18 years or older at the date of application.
  • Be a registered member of Ngāti Whātua Ōrākei.
  • Commit to living in the home as their primary place of residence for the entire time they own the home.

When purchasing a whare in Hawaiki, you will own the whare and the iwi will continue to own the land. Buyers will own a “leasehold interest” in the land–this means you will have the legal
right to occupy the land in accordance with the terms of a lease registered against the title to the land.


We’ve partnered with BNZ and Westpac so whānau are able to borrow from them to purchase one of our homes.

We have worked closely with BNZ and Westpac (Participating Banks) who understand the unique nature of our development, the legal documentation and our shared ownership programme. Additional Participating Banks may be added overtime.

If you default, Ngāti Whātua Ōrākei have an agreement with the Participating Banks that Ngāti Whātua Ōrākei will acquire the loan, instead of the bank exercising a mortgagee sale and selling the property on the open market. This does not affect your obligation to pay your mortgage and Ngāti Whātua Ōrākei can enforce the mortgagee’s rights on default.

No, the Participating Banks will step you through the process required to obtain a home loan and mortgage.

You will need to discuss this with the banks. It will depend on your individual circumstances.

You are welcome to shop around between the Participating Banks to find the best rates and/or offer that suits you.

All banks have slightly different lending criteria, but most will ask for the following:

  • Proof of income
  • Value of assets you own
  • The amount you can contribute to a deposit (e.g. savings, KiwiSaver, a koha from whānau)
  • Your current debt, liabilities and household expenses (e.g. credit card, hire purchase, etc.)

Settlement will take place AFTER construction is completed. You may need to periodically update your pre-approved amount with the bank you choose during the construction phase

You may be eligible to withdraw from your KiwiSaver and/or the KO First Home Grant. Have a chat to the banks to see what your options are.




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