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.
Langley Twigg's team of Hawke's Bay lawyers keeps you up to date on all the latest legal news.
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