• Home
  • Find housing
  • Shared homeownership programme

Shared home ownership programme

What is it all about?

Shared home ownership programmes provide support for people to purchase their own home by sharing the cost. It is designed for families who want to own their own home, but cannot afford to on their own.

Shared home ownership programmes are not new in New Zealand. Dwell’s shared home ownership programme is based on these long running, successful programmes and is the first to operate in Wellington.

How shared home ownership works

It is really quite easy. 

  • You buy into the home at a percentage of the market price, between 70% and 90% based on what you can afford (e.g. 70%) - the share you can afford will be determined by an analysis of your finances.
  • Dwell owns the remaining share of the home (e.g. 30%) and acts as a silent co-partner.
  • You raise a deposit and obtain mortgage to secure a loan for your share. Your deposit can come from KiwiSaver, your savings or a mix. You are responsible for mortgage repayments plus all other costs of ownership (e.g. rates, insurance, maintenance).
  • You will increase your share over time in 5% steps to 100%.
  • When you decide to move on, you sell your share (e.g. 70%) back to Dwell based on an independent valuation - or if Dwell does not wish to buy it, you can sell the property on the open market.
  • Any increase or decrease in value of the property at the time of sale is shared in proportion to ownership (e.g. 70% you, 30% Dwell).

sho figure

This is an example of how it might work.

Shared home ownership availability

Currently we have no properties available under the SHO scheme.

About Dwell


Contact us

Dwell Housing Trust provides affordable, quality housing for people in need or on a low income. We are more than a landlord - we ensure our tenants have access to the support they need and want to live well, do well and be well.

We believe that affordable, stable and healthy housing is a fundamental right, and that appropriate housing has long-lasting benefits for the people living within those households and the wider community.

© Dwell Housing Trust 2016

    04 384 4854 /
0800 4 DWELL or 0800 439355
 PO Box 24-179, Manners Street
Wellington 6142, New Zealand
 Level 5, 173-175 Victoria Street
Wellington, New Zealand