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

 


Regional New Zealand benefits from HomeStart

Regional New Zealand benefits from HomeStart

Housing Minister Dr Nick Smith today released the Ministry of Building, Innovation and Employment’s estimates of the number of first home buyers in provincial New Zealand who are to benefit from the Government’s new KiwiSaver HomeStart package in Palmerston North with local mayor Jono Naylor.

“The Government recognises that home ownership and affordability is not just an issue in our metropolitan cities. We want to give all New Zealanders a helping hand to be able to attain the dream to owning their own home, giving families greater security and building stronger communities,” Dr Smith says.

“Every region of New Zealand will be getting extra support for their first home buyers under our KiwiSaver HomeStart package. The increase is well illustrated in Palmerston North, where last year 224 people received assistance under the KiwiSaver First Home Withdrawal Subsidy. HomeStart more than doubles this to an average of 580 per year, or 2900 over the next five years.”

The HomeStart package comprises three changes. Firstly, the grant is doubled for newly built homes and the house price caps have been increased. Secondly KiwiSavers will be able to withdraw more of their savings for a first home deposit. Thirdly, the eligibility for Welcome Home Loans scheme which enables only a 10 per cent deposit has been expanded.

“Home ownership is higher in provincial New Zealand than in metropolitan cities but there has still been a decline over the past 30 years. This package is targeted at improving home ownership rates across the country and is particularly focused on helping young people pull together a deposit. It is estimated that two thirds of the recipients of the HomeStart grants will be aged between 20 and 35,” Dr Smith says.

“KiwiSaver HomeStart complements our work that is freeing up more land supply, reducing building material costs, reining in infrastructure and compliance costs and investing in sector skills and productivity,” Dr Smith concluded.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

3-Year Transport Plan: No Plans On Six Northland-Election Bridges

The Transport Authority’s decision to fund only four of the 10 bridges promised in National’s shameless Northland by-election bribe is a huge embarrassment for Transport Minister Simon Bridges, Labour’s Transport spokesperson Phil Twyford says. More>>

ALSO:

Family Violence: Increasing Reporting But Fewer Resolutions

“We are aware the Police have embarked on a significant programme of change in how they respond to family violence. The data suggests that adequate resourcing including investing in staff training, support and culture change will be required for this to be effective.” More>>

ALSO:

Health: NZ Children Still Suffer Rickets From Lack Of Vitamin D

Vitamin D deficiency continues to cause rickets in young New Zealanders, new University of Otago research has found. The researchers say that their finding suggests that at-risk mothers and children should be better targeted for Vitamin D supplementation. More>>

Also GPs, Housing, Milk: PM Press Conference On The UN Security Council

In a press conference today the Prime Minister discussed the upcoming appointment of New Zealand to chair the UN Security Council. He said they would put pressure Asad in Syria and attempt to “jump start” negotiations between Israel and Palestine. More>>

ALSO:

Housing: State Houses Could Sell To Overseas Groups

Bill English’s admission that he would sell hundreds of New Zealand’s state houses to the Australians is the latest lurch in the Government’s stumbling, half-baked housing policy, Labour’s housing spokesperson Phil Twyford says. More>>

ALSO:

AND:

Gordon Campbell: On Climate Change Protest, And Iraq Training

For sheer style, humour and content fit for purpose, it would be hard to beat the Greenpeace protest at Parliament. The fact that the hanging of functioning solar panels from Parliament Buildings caused such spluttering outrage among fogeys old (David Carter) and young (David Seymour) added a Monty Python level of amusement to the whole event. More>>

ALSO:

Speech: Bill English Explains NZ Government To Australia

Here I am part of a successful government, now into its third term and hopefully with more to come. I want to offer some thoughts tonight about the business of government, from a centre-right perspective. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news