ZB Homes Opens New Show Home Amid Construction Slowdown
In a bold move amid a softer building market, ZB Homes has opened its latest show home at Abergeldie Estate, timed to meet renewed demand for well-priced new-build homes in Cambridge. After a period of declining construction activity, market conditions are shifting in favour of buyers. Lower rates have improved affordability, with current repayments on a $1.1m home now similar to those on a $850,000 home two years ago. It’s a shift that many investors are recognising, and it’s also bringing new builds within reach of more buyers. “Today’s rates allow buyers to get more for their money and that makes a big difference.” says Kirsten Chisholm, General Manager of ZB Homes . Cambridge sits within the North Island’s “Golden Triangle” and is forecast to see sustained demand for housing. Waipā District Council projects the town’s population will grow to around 30,300 by 2050, requiring approximately 13,000 new homes. Cambridge’s median sale price over the past 12 months is $1,014,000, w...