The first of the affordable housing units in the Auckland suburb of Onehunga are for sale after the completion of the Beachcroft Residences development.
The development overlooks the inner Manukau Harbour and Onehunga Bay Reserve and lagoon and consists of 88 apartments, a central courtyard with a BBQ, and a gymnasium.
Nine single bedroom apartments are considered “affordable housing” because their price tag is less than 75 per cent of the median Auckland house price.
The single apartments can be made wheelchair accessible and cost between $595,000 and $620,000. They include decks and living spaces between 63 and 125 square metres.
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The remaining two and three-bedroom apartments are priced between $695,000 and $1.3 million.
The designation of the special housing area status, which required the development to offer at least 10 per cent of the market stock to be in the “affordable price range”, fast tracked the land subdivision, rezoning, and planning consent approvals.
Bayleys’ Glenn Baker said Onehunga was seeing urban gentrification with the construction of several substantial upper end apartment blocks, none of which were priced in the “affordable housing bracket”.
“It has taken longer than expected for the flow of affordable housing units to come onto the market, but that is to be expected when you factor in the acquisition of suitable land, the drafting up of building plans, costing out the development, applying for council consent, then bringing the visualised concepts to market,” Baker said.
He said the development of Beachcroft Avenue was not a question of if but when.
The Onehunga Bay Reserve and lagoon have both been regenerated over the past two years as part of Auckland Council’s Panuku Development Auckland programme.
It aims to create a more concentrated town centre, mixed styles of housing, and better public transport and facilities, as well as redevelop the Onehunga Wharf once the East West Link tollway was complete.