New Farmer Cres homes $350,000 each

20:22, Oct 29 2012
Farmer Cres, Pomare
GONE: State Houses in Farmer Cres, Pomare, before they were completely demolished.

New homes at the Pomare site where 88 state houses were torn down will have price tags of about $350,000, Radio New Zealand reports.

Pomare Community Voice spokesperson Dina Awarau told Radio NZ the new homes on Farmer Cres would be unaffordable for most in the community.

Last week, The Dominion Post reported the City Living Group had been appointed to develop the site, which up until late last year housed more than a hundred Housing New Zealand tenants.

While the land is owned by Housing New Zealand, City Living would met most of the costs of development and reap most of the profits.

Radio NZ this morning reported that 80 houses would be built, with more possible later. Of those, 20 per cent would be state houses, with the rest rentals or privately owned.

City Living said about 40 per cent would be sold for about $350,000.

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The Dominion Post