Helping hand for local first home buyers.
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.