SKYBOX: AKL Twitter FB

Follow us:
Twitter and
Facebook


Pilot study looks at home ownership

Last updated 15:23 29/05/2014

Relevant offers

An initiative testing the financial management of Pacific Aucklanders is being launched this weekend.

The three-year pilot programme, Turanga, will be trialled on 60 Pacific families in a bid to identify why few Pacific people are homeowners.

Almost half of all Pacific Aucklanders live in crowded households and are likely to experience long-term debt, Deputy Mayor Penny Hulse said.

"There are significant challenges for many Aucklanders to become homeowners but it can be especially hard for the Pacific community to get a foot on Auckland's housing ladder," Hulse said.

Twenty families a year will take part in Turanga and will provide information about their financial, social and cultural circumstances to identify the challenges they face.

The findings will then be used to develop a programme for each family tailored to their specific needs.

The initiative will be launched in Manukau on Saturday.

"This is not a silver bullet that will fix the problem immediately; we have to be realistic about that," Hulse said.

"But in 15 to 20 years, one-in-eight of the working-age population aged 15 to 39 will be of Pacific origin.

"And if they are not able to get onto the housing ladder, it will have a significant impact on them, their families and the wider Auckland community."

Ad Feedback

- Stuff

Special offers
Opinion poll

Are you happy with the council rates revaluation on your home?

Yes

No

Vote Result

Featured Promotions

Sponsored Content

News tip POINTER

Do you have an idea for a story? Email us or give us a call on 09 925 9700.