Affordable housing is in increasing demand according to CHC CEO, Kim Sinclair, who today spoke with WIN News about their latest development in Moncrieff.
Situated in Canberra’s North, Moncrieff is the latest property release from CHC offering homes under the Land Rent Scheme, aimed at assisting low to moderate income earners to achieve home ownership. Land Rent allows purchasers to buy a home and rent the land, with the option to convert to a traditional ownership arrangement at any time.
CHC CEO, Kim Sinclair explained that CHC’s approach to the delivery of land rent aims to alleviate the upfront costs associated with the scheme.
“What we’re doing is providing an option for purchases to do away with all that stress and hassle of setting up construction finance. We will take all the costs, the holding costs of developing the site and the purchaser only pays on settlement of the completed product.”
This provides a saving towards the costs that buyers may face before the settlement of their property. Meaning they don’t have to pay Land Rent until they receive the keys to their home.
“…a typical nine month construction, Land Rent on say $200,000 being the value of the land that would be saving them around about $3000 just in that process.”
One of the key objectives of CHC’s Moncrieff development is to bridge the gap between renting a property and home ownership. CHC has already received an overwhelming response from current CHC clients and the general public. The development is due to be released in March with further discussions being held for future Land Rent properties in Throsby and Taylor.
Register your interest now for Moncrieff.
CHC have announced a partnership with the Master Builders Association of the ACT for the annual Excellence in Building Awards.
As a previous award winner at this event, CHC is thrilled to be able to play a role in shaping Canberra’s housing landscape. The partnership with MBA will drive more attainable and diverse housing in Canberra.
“As a not-for-profit developer, we strive to be at the forefront of housing solutions. Our mission is to continue to deliver more housing opportunities. We have a significant plan to provide more housing to the Canberra community and see our involvement in the awards as an opportunity to be more active in the industry,” says CEO of CHC, Kim Sinclair.
“We build homes for the community. What we deliver is based upon what is relevant and appropriate for Canberrans. Whether it’s homes for first-time buyers, downsizers or a growing family, what’s important to us is that everyone has the opportunity to know the feeling of a home.”
“While we develop homes for both rent and sale, a major focus for us is the provision of rental accommodation for those on low to moderate incomes, ageing Canberrans and people with disability,” says Sinclair.
The Excellence in Building Awards will be held on Friday 30 June 2017 at the National Convention Centre. Some of the award categories include; best renovation, best affordable housing design, best subcontractor, best apprentice, best work health and safety practice and most sustainable construction. For more information on the awards click here.