Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Plan to help thousands of first home buyers get a deposit

Plan to help thousands of first home buyers get a deposit


National values home ownership because it provides stability for families, strength for communities, and security in retirement.

This afternoon I had the privilege of launching National’s 2014 election campaign in Manukau and announcing our plan to help thousands of lower and middle income first home buyers get into a home of their own.

The changes to KiwiSaver I announced today will help about 90,000 lower and middle income first home buyers over the next five years – 40,000 more than would be helped under current policies.

The three major changes are:

• Replacing the KiwiSaver first home deposit subsidy with a KiwiSaver HomeStart Grant, doubling the support for buying a new home and increasing the house price limits;

• Enabling larger KiwiSaver First Home Withdrawals by including the member’s tax credit, meaning first home buyers will now be able to withdraw all of their KiwiSaver savings except the $1000 kick-start;

• Expanding eligibility for Welcome Home Loans by aligning the house price caps with the new KiwiSaver HomeStart Grant.

National values home ownership because it provides stability for families, strength for communities, and security in retirement.


Read more about our plan to help first home buyers, including a summary of changes, here.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news