Media Statement: Helping hand for first home buyers in Taupo

Electorate news
Tuesday, November 24, 2015

In Taupo, over 70 people are receiving help to buy their first home through the Government’s new $435 million KiwiSaver HomeStart scheme.

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 Taupo alone there has been $239,000 in grants paid,” says Louise.

“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 Taupo are making the most of the support available.

"There was a strong interest from young people following the roadshow meetings with Hon Dr Nick Smith.  I've been encouraging people to spread the word about the government's assistance available through HomeStart with young people they know who are keen to buy their first home.

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

ENDS

Media contact: Jess van Haarlem 021 809 393

Authorised by Louise Upston, 67 Paora Hapi Street, Taupo