Home buyers cash in

May 21, 2007

Couples with joint incomes of up to $100,000 before tax will be eligible for KiwiSaver grants to buy their first home, but they’ll be forced to buy cheap properties.

Under the eligibility rules, outlined in Treasury post-Budget notes, people who get the housing grants will be forced to buy a house with a value in the lowest 25% of homes in their town, area or city. (more…)

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