$10,000 Deposit Contribution
Maximum contribution of $10,000 per binding Sale & Purchase agreement.
Completed or Near Completed
We're coming to the party–offering a $10,000 contribution to deposits on selected townhouses that are in completed or near completion developments.
Purchase Only
The money can only be used to assist with the purchase of the property, e.g. it cannot be used to buy furniture or meet other post settlement costs.
*Banks' lending criteria applies
Need a Boost for Your Deposit? We'll Pitch in $10k!
*Major lenders now accept developer contributions as part of buyer deposits, following the end of Kāinga Ora's First Home Grant.
Find Your Ideal Townhouse.
Whether you're ready to buy or just browsing, answer a few quick questions, and our team will follow-up with personalised guidance to help you find the right fit.
We Come Bearing Good News
Following the axe of the Kāinga Ora First Home Grant earlier this year, new opportunities are emerging for buyers–thanks to an adjustment by major lenders.
Banks are adapting their criteria for buyer deposits, now allowing for developer contributions.
Here’s what you need to know:
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Maximum contribution of $10,000 per binding Sale & Purchase agreement.
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We're coming to the party–offering a $10,000 contribution to deposits on all completed or near completion developments.
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5% genuine savings still required; developer contributions will not count towards the 5% ‘genuine savings’ required by the lender for low-deposit loans exceeding 80% LVR. Buyers will still need to be able to show they have saved at least 5% of the purchase price as genuine savings (can include KiwiSaver).
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The money can only be used to assist with the purchase of the property, e.g. it cannot be used to buy furniture or meet other post settlement costs.
By purchasing now, you get the benefit of a low purchase price for your home and position yourself to benefit as interest rates fall. This is a much better position to be in than a higher purchase price with a lower interest rate. If you do this you'll have less exposure to interest rate increases.
Most mortgage brokers right now would be suggesting a short-term fixed mortgage (6 months to 1 year) so that you can take advantage of whatever interest rate cuts come over the next few years.
With forecasts suggesting interest rates will decrease over the next year, you could refinance at a lower rate when your fixed term ends, reducing your mortgage repayments further.
If you haven't spoken to a mortgage broker in the past two months, now is a great time to reconnect. With interest rates starting to drop, your borrowing capacity may have improved significantly. Many of our recent buyers have found they can afford more than they thought!
Prices Are Poised to Increase as Interest Rates Drop
Historically, decreasing interest rates in New Zealand lead to higher property prices due to increased demand. Secure your home now to lock in current low prices.
Less Competition, More Choices
Find the perfect home without the pressure of a crowded market.
A Chance to Win $10,000 Cashback
Purchase before December 24, 2024, and you could be our lucky winner!
Why Acting Now Makes All the Difference
Why Choose Faisandier Group
At Faisandier Group, we're more than just developers—we're your partners in the journey to homeownership.
A Stress-Free Homeownership Journey
Well there might be a bit of stress 😅 but we promise to keep the home buying process as stress-free as possible through our dedicated customer team who are ready to assist you at every step.
Our In-House Sales Consultants
Friendly, people-centric professionals keen to help you find the perfect home without the pushy sales vibe.
Robust Support System
If things don't go as planned, we're here to make it right. We have a robust remedial process and a custom-built app to manage communication between you the home owner, our trade network and the key information for operating and caring for your home.
Monthly Updates
If you purchase off the plans with us we will keep you connected with the progress of your home through monthly photos, videos, and key milestone announcements.
Eligible Projects
Q. How does the Cashback work?
When you purchase a residential property from Faisandier Group, you'll receive an entry into a prize draw for a $10,000 cash-back payment. To qualify, you need to:
Have a confirmed offer and paid the required deposit during the promotional period, which starts in 2024 and closes at 11:59 pm on 23 December 2024.
Settle the purchase within 10 working days of receiving a settlement notice from the Promoter’s solicitor (or within an agreed timeframe).
Each eligible purchase gives you one entry into the draw. If you're purchasing the property with another person, you'll still receive only one entry. The winner will be randomly drawn by a third party no later than 28 February 2025.
Refer to the terms and conditions page for full details.
Q. What is a pre-settlement inspection?
The pre-settlement inspection is an opportunity for purchasers to view their property before settlement in order to ensure the property is in the same condition as when it was purchased. Faisandier Group has an app purchasers can use to submit any defects they notice during the inspection.
Q. What is a Resident Society?
A Resident Society is a community organization that is empowered by law to manage the common areas and infrastructure of a development.
They exist to help owners make a long term plan for the maintenance of common property and infrastructure.
Q. How much does it cost to buy a townhouse?
You can get an idea of the cost of our townhouses by having a look at our projects page. Prices vary depending on the location and other details. You can secure a townhouse with a 10% deposit. In certain circumstances we can also accept 5% deposits.
One of the benefits of purchasing a new build from Faisandier Group is the fixed price contracts. You won’t be caught out at settlement by price variations or increases.
Q. Do we have sunset clauses in our contracts?
There has been a lot of negative press about developers using sunset clauses to do unsavoury things. That’s not us.
We require a sunset clause in our contracts as standard procedure to satisfy our lenders and guarantee funding for projects. We will never use a sunset clause to weasel out of a contract and hike up the prices or to on sell your townhouse to someone else.
It's also important to understand that a sunset clause also benefits you as the purchaser as it guarantees you an exit date for your contract if for some reason we as the developer could not complete the project in a timely manner.
Q. When will my townhouse be completed?
Our standard construction timeline takes around 12 to 18 months. Once you've signed a contract we will start sending you monthly progress updates so you can see how your townhouse is tracking.
Through the last few months of the build our friendly purchaser relations manager will be coordinating with you around completion and settlement timelines so that you know when you need to be engaging with your mortgage advisor and solicitors etc.
Take a look at an overview of our standard construction timeline.
There are often times when we also have homes that have progressed through construction and may be available now or have progressed part way through and will be available in a shorter time frame. You're best to chat to one of our team to find out what is available if you're interested in moving into your new home sooner.
