Government recently announced changes to some of the home ownership products and programmes administered by Kāinga Ora – Homes and Communities that will take effect from 15 May 2023. By introducing changes to the First Home Grant, Government hopes to make it easier for first home buyers to build new homes or buy newly built homes. Read on to find out what the changes are as well as the opportunities these changes could present to first home buyers looking to build new or buy new.
Topics: First Home Buyer, House prices, Kiwisaver withdrawal
The Labour Government’s election promise to ban non-resident foreign property buyers from buying existing property in New Zealand kicked off on 22 October 2018. So far, the change to the Bill seems to have had little impact on the market, despite dire predictions, and buyer activity remains stable.
Topics: Mortgages, Foreign buyers, foreign buyer ban, NZ Mortgage Adviser, House prices
