Changes 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.