First Home Buyers

If you have been in Kiwi Saver for 3 years you can get a $3,000 grant towards your first home and also withdraw your Kiwi Saver contributions and put that towards your deposit

This post follows two couples to understand the issues facing Baby Boomers and First Home Buyers

Buying your first home will almost always make better sense than renting. That is unless you live with 5 other flatties, eat bake beans, and have a communal shower. That is hard economics to beat under any scenario!

Most first home buyers do not know that Kiwi Bank and BNZ are the most expensive lenders if you are borrowing over 80%.
Neither Kiwi Bank or BNZ disclose their low equity fees on their web sites.  On the positive side they are still both lending up to 95%.
If you are borrowing over 80%

Chances are you have just come back from time spent around the BBQ, and a holiday spent eating far too much (mostly chips and dips, cheese boards, cashew nuts!)  You’ve come back with a New Year resolution to get fit and buy a property in 2010.
If buying a property is one of your goals in