Startup Bloxx offers home ownership lifeline through mortgage-free build-to-own model

A townhouse development in Auckland. (Image: NZME)

Wed, 16 Jul 2025

New Zealand startup Bloxx is launching a home ownership model that eliminates mortgages in a pitch to those shut out of the housing market.The founders of the company have spent more than two years putting it all into place and have worked for free since then.“The founding team has purposely bootstrapped Bloxx to the tune of millions of dollars since its inception in early 2023,” Bloxx co-founder and chief executive officer Chris Smith said.Bloxx has a build-to-own model where customers buy in with a minimum 1% deposit and build equ...

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