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
According to REINZ February 2023 Property Report, the median house price in New Zealand decreased by 13.9 per cent year on year. At the same time, property website Realestate.co.nz showed 29,284 residential dwellings available for sale at the end of March, the highest number in any month of the year since November 2015. With lower house prices and less heat in the market, now may be the right time to buy a first home, with more opportunities for first home buyers.
Topics: First Home Buyer, Low Deposit, Kiwisaver withdrawal
KiwiSaver is an important source of finance for those who intend to use their KiwiSaver savings towards buying a first home. Thousands of Kiwis are using their KiwiSaver funds for their first home. If you’re a first home buyer considering KiwiSaver Withdrawal, here are four things to consider when wanting to use your KiwiSaver savings towards your first home deposit.
Topics: Home Loan, mortgage adviser, Kiwisaver withdrawal
Many clients planning to utilise some of the investment in KiwiSaver to buy their first home have seen, over last few months, a drastic reduction in the KiwiSaver investment balances. This has created a lot of attention amongst first home buyers. The purpose of this communication is to quickly and briefly explain what is happening and what may be the best course of action in the current situation.
Topics: Kiwisaver, First Home Buyer, Low Deposit, Home Loan Application, Kiwisaver withdrawal
There are some changes being made to KiwiSaver in 2019 and 2020, most of which have already come into effect. The proposed changes to the structure of KiwiSaver could see a greater number of New Zealander’s saving for retirement and the risk of a retirement savings shortfall decreasing over time. These changes will allow more people to join the scheme and also allow members to better tailor their KiwiSaver account to fit their needs.
Topics: Kiwisaver, Home Loan, nz mortgage, NZ Mortgage Adviser, Home Loan Advice, Mortgage Advice, Kiwisaver withdrawal
Buying your first home is one of the biggest investments you’ll ever make so it’s understandable you may be feeling a little overwhelmed. Before stepping onto the property ladder, it’s essential you do your homework and properly prepare for the journey ahead. To help you avoid any nasty surprises, we’re sharing the questions most first home buyers ask as well as our advice and recommendations.
Topics: Kiwisaver, First Home, First Home Buyer, NZ Mortgage Adviser, Home Loan Advice, HomeStart Grant, First time homeowner, Kiwisaver withdrawal
