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Generation Homes welcomes changes to KiwiSaver HomeStart grant

26 August 2016

As a top 10 national building company, Generation Homes applauds the $435 million HomeStart scheme which came into effect on 1 April, 2015 for KiwiSaver contributors.

This has enabled young Kiwis to get a foothold on the home ownership ladder.

Recently rules around the KiwiSaver HomeStart grant were relaxed meaning more Kiwis than ever can now realise their dream of home ownership.

On 1 August 2016, the rise of income cap limits on the grant came into effect. At the same time, the price caps limiting the value of a property someone could buy with the help of their KiwiSaver funds were also increased. This means potential homebuyers can earn more and still qualify for financial assistance when buying their first home. This along with low interest rates and strong net migration is driving demand for new homes.

Generation Homes Chief Executive, Kevin Atkinson is a big fan of the HomeStart grant and says Generation Homes has a strong emphasis on Kiwis getting on to the property ladder, and adding their “own personality” to a first home.

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