Helping hand for first home buyers in Marlborough

Kaikoura news
Monday, November 23, 2015

In Marlborough, locals are receiving help to buy their first home through the Government’s new $435 million KiwiSaver HomeStart scheme. So far 103 applications have been approved in the Marlborough region.

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 Marlborough alone there has been $357,000 in grants paid,” says Mr Smith.

“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 Marlborough are making the most of the support available.

 “I would encourage all first-home buyers in Marlborough 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.”