Helping hand for local first home buyers.

Tuesday, November 24, 2015

Around the Coromandel and on the Hauraki Plains, 60 people are receiving help to buy their first home through the Government’s new $435 million KiwiSaver HomeStart scheme.

In April the Government doubled support for first home buyers through KiwiSaver  HomeStart. Couples can apply for grants of up to $10,000 for a deposit on an existing home, and up to $20,000 for a new-build.

“This is the most generous support for first home buyers in more than a generation. It is proving to be a great help for people wanting to get into their first home. So far $228,000 of grants have been made in our local area,” says Scott Simpson.

“Nationwide, HomeStart is proving to be very popular with almost 6,300 applications approved. 

“Buying a first home is a huge step and I am pleased to see so many young families around the Coromandel and on the Hauraki Plains are making the most of the support available.

“I’d encourage all first-home buyers in our region to check whether they are eligible. Over the next five years, HomeStart is expected to help 90,000 people achieve their dream of home ownership.