Many Leave Saving Too Late

Grants Help First-Home Buyers

Rob Emmett hopes to use his KiwiSaver to buy his first house.

Twenty million dollars worth of support is being offered to the Bay of Plenty in a new housing scheme.

Building and Housing Minister Dr Nick Smith visited the Bay region last night to talk to locals about HomeStart, a scheme which gives young adults more opportunities to buy their own homes. Read More

Budget 2015: Varied Views on the Families Package

NO HUGE ENHANCEMENTS: Tauranga Community Foodbank Chairman Alan Plunkett said the package gave people a little bit here and there.

The Government’s lauded $790 million families package has failed to wow Tauranga’s foodbank chief but the city’s head of budget advice says the $25 a week for families is “definitely needed”.
The package, which allocates funding for the next four years, includes:

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HomeStart proving popular with locals

PROPERTY LADDER: Inquiries about the scheme, which was introduced on April 1 to help first-home buyers on to the property ladded, is on the rise says Rothbury mortgage adviser Keith Arden.

More than 40 Tauranga first home buyers have applied for the Government’s new housing subsidies and a quarter have been approved.

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Editorial: Budget Advice Needed

Anything can be bought on credit these days.

Most people have a credit card, few students survive university without an overdraft and a student loan and stores encourage you to use hire purchase to buy everything from a gaming console to a washing machine or a car.

It’s no wonder then that people struggle to save the deposit for a house.

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New Hope for First-Home Buyers

OPEN TO ADVICE: Kelly Mead said she would consider using the new scheme when the time came to buy a home for her and her daughter, Ashleigh Ford.

A ground-breaking scheme to help renters save a deposit for their first home has been launched in Tauranga.

The Government-backed pilot scheme, believed to be a New Zealand first, has been launched by Tauranga Budget Advisory Service and will involve budget advisers managing all or some of their clients’ income so they can save a deposit.

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