Tipping kids out of nest

Goran Paladin

Fed-up parents will invest hundreds of thousands of dollars to oust adult kids from under their roofs in new Kiwi reality show Our First Home.

The mums and dads - aged in their 50s and 60s - will buy the do-up Auckland houses for their cash-strapped offspring still living at the family home with their partners.

Filming is underway for the TVNZ series, to be hosted by Radio Sport's Goran Paladin.

The show will involve three sets of parents, their children, plus partners, renovating houses then selling them for a profit.

Money from the sale of the renovated properties will be used as a deposit towards the kids' first home.

"It is not unusual for parents to find kids in their 20s and 30s back living in the family house with spouses or partners because they can't afford a place of their own," Greg Heathcote, executive producer of Our First Home, told the Herald on Sunday.

The identities of the families involved are being kept under wraps. They come from Tauranga, Auckland and north of Auckland.

In the past two weeks, the three families of four have been touring Auckland suburbs to tie up deals. They will then have 10 weeks to renovate before selling.

"Real estate experts have been advising of up-and-coming areas. Contestants are trying to secure the worst houses in the best streets," Heathcote explained.

"There is no restriction on budgets but you don't get much for under $400,000 these days in Auckland."