During Budget 2022 the Government announced some changes to the Kainga Ora First Home Loan Scheme (you may know this as the 5% deposit loan scheme) effective 1 June 2022. Why is this important? Because right now every single bank (with the exception of Westpac) has tough restrictions on lending to anyone without a 20% deposit, meaning many first home buyers, in particular, are locked out of the property market.
It’s time to sell your home, and you’ve decided to stage the place yourself for potential buyers. That’s an excellent choice – not only does staging tend to facilitate sales, but it can increase the amount of money you get for your property. In fact, some professional stagers estimate that their services boost their clients’ bottom line by up to 10%.
Weclome back as Ken and I move on to what you need for a deposit and how you can access and use your Kiwisaver
