A Step In The Right Direction

The Reserve bank will be spluttering as it sees its desire to restrict  LVR’s, go up in smoke.

Politics and theory do not make good bed fellows

National tackles first home affordability
By Audrey Young
Sunday Aug 11, 2013

Prime Minister John Key has announced changes that will make it easier for some buyers to get into their first home.

Changes will be made to existing rules on how to qualify for a Government subsidy under the Kiwisaver schemes and the Welcome Home schemes.

In order to currently qualify for Government assistance of a $5000 deposit, the most a couple may jointly earn is $100,000. That threshold will be increased to $120,000.

Read the rest here:

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10911079

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