As a first home buyer, purchasing your dream home can seem like a daunting and overwhelming task. However, with the help of New Zealand government grants, the journey to homeownership can become a lot smoother and achievable.
At Ploceus Building, we understand the challenges that first home buyers face and are here to help you make the most of these government grants. In this blog, we will highlight some of the key grants available and how they can benefit you as a first home buyer in New Zealand.
KiwiSaver First Home Deposit Subsidy
The KiwiSaver First Home Deposit Subsidy is a government grant that provides eligible first home buyers with up to $5,000 towards their deposit. To be eligible, you must have been a KiwiSaver member for a minimum of three years and meet the income and asset criteria.
KiwiSaver HomeStart Grant
The KiwiSaver HomeStart Grant provides eligible first home buyers with up to $10,000 towards the purchase of an existing home or up to $20,000 towards the purchase of a new home. To be eligible, you must have been a KiwiSaver member for a minimum of three years and meet the income and asset criteria.
Welcome Home Loan
The Welcome Home Loan is a government-backed loan that provides low deposit financing options to eligible first home buyers. With a minimum deposit of just 10%, the Welcome Home Loan helps make homeownership more accessible for those who may not have a large deposit saved up.
HomeBuilder Scheme
The HomeBuilder Scheme is a government grant that provides eligible first home buyers with a one-off payment of $5,000 towards the purchase or construction of a new home. To be eligible, you must have an income of less than $125,000 for an individual or $200,000 for a couple.
By taking advantage of these government grants, first home buyers can significantly reduce the cost of homeownership and make the journey to their dream home a lot easier. At Ploceus Building, we are dedicated to helping our clients make the most of these grants and provide a comprehensive range of services to ensure a smooth and seamless building experience.
In conclusion, as a first home buyer in New Zealand, it is important to familiarize yourself with the various government grants available and take advantage of them to maximize your benefits. At Ploceus Building, we are here to help you every step of the way. Contact us today to learn more about how we can help you achieve your dream of homeownership.