colinrealestate

• Customers who have been members of KiwiSaver for three years or more and who are buying their first home (or if they qualify as a second chance home buyer), may be eligible to withdraw all, or part, of their own and their employer’s contributions to put towards a home purchase (as long as it’s going to be their main home).
• • KiwiSaver members may be eligible for a first home purchase subsidy of up to $5,000 after three years of contributing to KiwiSaver at the minimum contribution rate.
  • •If the customer qualifies, they can get $1,000 for each year they’ve been
  • contributing, up to a maximum of $5,000. Couples qualify individually, so together they could be eligible for a subsidy of up to $10,000. This subsidy is available through Housing New Zealand (subject to eligibility criteria, including income level caps and the property price caps that apply to Welcome Home Loans).
  • Note: The information above is subject to change to government policy and law.

Filed under: REAL ESTATE