1 August 2016
From Monday 1 August 2016, income caps will increase from $80,000 to $85,000 for a single person and from $120,000 to $130,000 for a couple wanting to use the Kiwisaver HomeStart scheme.
The Government is adjusting both the income caps and house price caps to allow first home buyers access to homes in a more realistic price range when using the Kiwisaver scheme.
The HomeStart programme helps first home buyers put together a deposit by granting them up to $10,000 for an existing house and $20,000 for a new home, on a joint basis.
House price caps will increase by […]