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Welcome to the NZ town offering new homes at zero profit

Kurt Bayer
By
South Island Head of News·NZ Herald·
5 mins to read

A tight-knit town shattered by a giant earthquake is selling houses at no profit in an innovative bid to attract families back to the rebuilding community.

Waiau, deep in North Canterbury's picturesque rolling hills, was at the epicentre of the magnitude-7.8 November 2016 quake.

With a population of just 300, it lost a third of its housing stock - more than 30 homes - along with its historic pub, swimming pool, playcentre, church and damage to other key buildings, including

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