Good News For First Home Buyers
Increased house price limits
More people will now be eliglible under the HomeStart grant, since house price limits have increased.
The house price caps for grants and Welcome Home Loans depend on location:
- Auckland cap: $550,000
- Hamilton City, Tauranga City, Western Bay of Plenty, Kapiti Coast, Porirua City, Upper Hutt, Hutt City, Wellington City, Nelson City, Tasman, Waimakariri, Christchurch City, Selwyn District, Queenstown Lakes: $450,000
- All other areas: $350,000.
If you know someone who wants to purchase their first home, put them in touch with me and I’ll explain what the changes to KiwiSaver mean for them.