Let's just say that if you take a conservative approach to investing your KiwiSaver nest egg, 2022 was not a good year.
After many years in a KiwiSaver Growth Fund, I switched to a Conservative Fund a couple of years ago. It felt like a smart move at the time, but man, hindsight’s a wonderful thing.
If there’s one thing we’ve been brutally reminded of this year, it’s that we live in an ever-changing world. Some things may never be the same. However, the world continues to turn, and people will continue to buy houses. Now more than ever it's important to line up those ducks to be bank ready.
Most New Zealanders know about KiwiSaver, but not everyone knows how it can benefit you as a potential home buyer, or how the process works when you want to use it.
Chances are, when you signed up for KiwiSaver some 10 years ago (or less) if you were young, then you put it in an aggressive fund and have hopefully reaped the rewards of that.
The reality is that the industry is looking to mortgage margins to restore profitability from a tough 2016.
From 1 August 2016 there are a number of changes to the KiwiSaver HomeStart scheme aimed at giving a boost to first home buyers looking to get on the property ladder.