$20m housing partnership for BNZ and Ngāti Whātua Ōrākei

$20m housing partnership for BNZ and Ngāti Whātua Ōrākei
The iwi – based at Ōrākei marae in Okahu Bay (above) – has assets valued at $1.5 billion. (Image: Ngāti Whātua Ōrākei)
Tamara Poi-Ngawhika
A $20 million collaboration between Ngāti Whātua ki Ōrākei and the Bank of New Zealand will result in housing for Māori who belong to the Auckland central iwi.Twenty-four homes are expected to be built this year on Hawaiki St in Ōrākei, close to the iwi's principal marae and in an area of desirable properties – 3 Hawaiki St recently sold for more than $2 million.BNZ's $20m "social loan" was certified by EY NZ.Under the model, members of Ngāti Whātua ki Ōrākei who meet the bank's standard home-lending criteria ca...

More Property

Liquidators flag ‘problems’ with Hart-funded developer
Property

Liquidators flag ‘problems’ with Hart-funded developer

The six-month report said unsecured creditors were facing losses exceeding $2.7 million.

Ryman HY sales down but improving 'more quickly than expected'
Property

Ryman HY sales down but improving 'more quickly than expected'

The retirement firm said it's tracking ahead of its full-year sales guidance.

Staff reporters 09 Oct 2025
Property sector welcomes quake reforms, savings vary
Property

Property sector welcomes quake reforms, savings vary

Kiwi Property says Minister Penk's reform will likely be beneficial to its business.

Gregor Thompson 09 Oct 2025
Bankrupt rugby rep accused of fraud
Property

Bankrupt rugby rep accused of fraud

Building systems company feels ‘betrayed’ by Damian O'Brien.     

Maria Slade 08 Oct 2025