Changes to HomeStart 17 Aug 2015

There have been some changes to HomeStart:

  • The HomeStart grant has been doubled for first home buyers purchasing a new home – overall maximum $20,000.
  • House price caps are now 550,000 for Auckland; $450,000 for high-cost areas such as Wellington and Christchurch and some others; and $350,000 for the rest of the country.
  • Welcome Home Loans (underwritten by Housing New Zealand) require 10% deposit. House price caps are the same as above. Withdrawals from KiwiSaver can be used for an initial deposit.

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