A newly created subdivision in the beautiful Kapiti town of Waikanae. Kapiti Estate provides a rare opportunity to build in this highly sought-after area. Stunning views and great access to train and road links make this a unique opportunity. Submit your expression of interest now to avoid disappointment.
The Kapiti Coast
The stunning beaches of the Kapiti Coast, with a glorious backdrop of native forests and the peaks of the Tararuas, provide the perfect place to live your dream. Only 40 minutes from the heart of Wellington, with great transport links, proximity to shopping centres, great schools and amazing access to outdoor recreation the Kapiti Coast really has it all.
Your Dream Home
This is your opportunity to create your own unique home. We are partnered with Masterbuilt who are able to provide full design and build services to help you realise your dream, or you are free to choose your own architect and builder. Either way, Kapiti Estate provides the perfect place to own your own slice of Kiwi heaven.
* LVRs Don’t Apply to Building or Buying New Homes
(20% & 40% deposit requirements are not required on new home or new builds)
36 Sections are available for purchase
The Case for Building Gets Stronger
Building a new house in a major centre could net you on average around $150,000 in capital gain, new research suggests.
Property research firm homes.co.nz has looked at the gap between the cost of a new section and the median price of a new house.
It found that in Auckland, Wellington and Queenstown – areas where the property market is at it’s hottest – new home typically sold for around $600,000 more than an empty section.
In Auckland, for example, new homes were selling for $1,188,740. The median section price was $535,153 and Statistics New Zealand estimated new builds in Auckland cost around $400,000, making building about $253,587 cheaper.
Wellington new homes are selling for $597,000 more than an empty section and in Queenstown they were $602,000 more expensive.
Homes.co.nz spokesman Jeremy O’Hanlon said that even though building could be stressful, the evidence suggested it was worth the effort financially.
“For me it’s highlighting that building can be a savvy way to get into the market. It does take a bit of energy to do but it gives people comfort that if they’re reasonable about their approach, there’s some significant gaps between the end result value and costs.”
There were plenty of good building companies that offered house and land packages and it was easier to get a mortgage.
“Banks are backing fixed priced builds, so long as you go with a reputable company … it’s not so hard to get into a new build these days.”