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
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.
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