Last week, Finance Minister Grant Robertson has announced the Government’s Budget for 2022, including changes to some of the home ownership products: First Home Grant and First Home Loan scheme. House price caps for the First Home Grant have increased for many places throughout the country (in Auckland, has been increased to $875,000), to align with the current market. The price caps for First Home Loans were removed entirely, to provide eligible applicants with a greater choice of properties.
We are pleased to see more support from the Government to first home buyers, to help them get into their first homes. And we would love to assist more Kiwis on their journey to home ownership.
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