Property

Affordable, sustainable, ‘research’ home opens in Rotorua

A unique research house was opened today at 40 Ford Rd, in Fordlands, Rotorua by Steve Chadwick, MP for Rotorua.

Friday, September 29th 2006

It’s the second house in the NOW home project, managed by Beacon Pathway Limited, a collaborative research consortium. The project is trialing the design and construction of affordable, everyday homes that are warmer, healthier, cheaper to run, and kinder to the environment.

Beacon has partnered with Housing New Zealand in the project and the home will remain part of Housing New Zealand’s portfolio.

According to Housing New Zealand’s Bay of Plenty regional manager Tony Marsden, “One of the aims of the project is to show that good quality, sustainable housing is affordable and results in lower running costs and improved health for the home’s occupants”.

A two-year monitoring period, while Housing New Zealand tenants rent the house, will assess the effectiveness of the design. The home, built using readily available materials, is designed to be affordable for most New Zealanders.

Early results from monitoring of the first NOW Home, which opened in Waitakere City in August last year, shows that energy use has been reduced by about 30%, and town water supply use has been reduced by about 25%.

“We hope for similar efficiencies in the Rotorua NOW Home,” says Beacon general manager Nick Collins. “These will translate into significant cost savings for the home’s tenants.”

Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ASB Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
Kiwibank Special 6.79
Co-operative Bank - Owner Occ 6.79
ANZ Special 6.79
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

More Stories

Rate cuts needed to lift mood

Wednesday, April 17th 2024

Rate cuts needed to lift mood

The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.

Support for regulation

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

A better investment market

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

[OPINION] Recessionary times

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.