Like Australia, New Zealand has been battling a housing supply problem. One group of friends came up with their own solution.
abc.net.au/news/nz-opens-density-limits-friends-developing-new-housing/102714716It's not a house, but it's much more than an apartment. It's more communal than a block of townhouses, but not the vibe of an actual commune.
They all share the type of features that make up the remaining 20 per cent, which includes things like an outdoor area, a rumpus room, an extra bathroom and a kitchenette.The private co-housing project is surrounded by freestanding homes in a sought-after suburb of Wellington. "So we were thinking very much that surely if we pool our resources, there must be another way to get a good home — a humble, but warm and dry home.""I feel so good. Sort of a state of being and feeling incredulous that that is the home that I have built with my friends," Ms McCrossin said.
"Because we were taking that mortgage out in chunks, we managed to pay down quite a lot as we were doing it," she said. At the heart of the problem was the fact the group was trying to build something banks didn't know how to value.
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