Increases to the Kiwisaver Homestart Grant
Good news for all those first home buyers (and some selected previous home buyers) out there. As of 1 August 2016 both the income and house price caps have all increased.
A individual with an income under $85,000.00 or a couple with a joint income under $130,000.00 is now eligible for the HomeStart Grant. The House caps throughout the country have all increased by $50,000.00 for existing homes and $100,000.00 for New Builds. Remember, if you have existing pre-approval for the HomeStart Grant but want to take advantage of these changes you will need to re-apply. For further details be sure to chat to our property law and conveyancing team about how we can help out. |
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