Helping hand for first home buyers in Christchurch

Christchurch Central Electorate
Friday, November 27, 2015

In Christchurch, 664 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. In Christchurch alone there has been $ 2.4m in grants paid so far,” says Ms Wagner says.

“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 in Christchurch are making the most of the support available.

 “I would encourage all first-home buyers in Christchurch 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.

“KiwiSaver HomeStart is part of the Government’s wider programme to improve housing supply and affordability. Housing Accords are freeing up more land faster and we have measures in place to constrain building material costs, rein in development contributions and compliance costs and improve productivity in the construction sector.” Ms Wagner says.