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A first-time home buyer grant (or first home owners grant) is a grant specifically for/targeted at those buying their first home – perhaps a starter home. Like other grants, the first-time buyer does not hold an obligation to repay the grant. In this respect, it differs from a loan and does not incur debt or interest.
After the 2017 general election, the Sixth Labour Government of New Zealand took office. Finance Minister Grant Robertson outlined a mini-budget on 14 December 2017 which allocated $2 billion of capital spending to KiwiBuild. Homes built under the programme are sold to first-home buyers and the cash is recycled into further housing developments ...
This is a list of countries, territories and regions by home ownership rate, which is the ratio of owner-occupied units to total residential units in a specified area, based on available data. [1] [better source needed]
The survey found that 14 percent of homeowners took advantage of down payment assistance or a first-time buyer grant to help pay for the down payment and closing costs on their first home ...
A down payment or first-time homebuyer grant is essentially free money to help you cover your down payment or closing costs. The grants are usually awarded to low- or moderate-income borrowers ...
The KiwiSaver scheme logo. KiwiSaver is a New Zealand savings scheme which has been operating since 2 July 2007. Participants can normally access their KiwiSaver funds only after the age of 65, but can withdraw them earlier in certain limited circumstances, for example if undergoing significant financial hardship or to use a deposit for a first home.
New Zealand's central bank raised interest rates for the second straight month on Wednesday to keep surging consumer prices in check and warned homeowners in the country's red hot housing market ...
The Sixth Labour Government, elected in 2017, formally moved to stop the sell-off of state houses by issuing an instruction to Housing New Zealand to cancel the sale of the homes in December 2017. The Ministry has listed pressures in the private rental market, population growth and decline in home ownership as key factors.
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