Get ready to buy your first home with as little as 5% deposit!

Increase in “First Home Grant” house price caps

  ‘First Home Grant’ Changes The government have just increased the “First Home Grant” house price caps in many areas of the country after the post Covid-19 property price surge, which will allow more Kiwis to access the grant to increase their house deposit.   What’s Happening to the House Price Caps? In Auckland, the…

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How can I come up with a house deposit?

  It’s tough out there in the current property market if you’re a first home buyer wanting to take that giant leap to get on the property ladder.  Every dollar counts though, and to put this into perspective, for every $1,000 you have in deposit, this could add $10,000 to $20,000 to your overall purchase…

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Easing of Loan-to-Value Ratio Restrictions

A few weeks ago, the Reserve Bank released their Financial Stability Report.  They advised that the risks in NZ’s financial system have eased.  Therefore, they are going to ease the current Loan-to-value ratio (LVR) restrictions that are in place for banks. The Reserve Bank introduced LVR restrictions for new mortgages back in 2013.  This was…

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