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.
The house price caps will be adjusted upwards as well, with the Auckland cap of $400,000 rising to $485,000.
The $400,000 cap in Wellington and Queenstown will rise to $425,000.
The $300,000 cap in Christchurch will rise to $400,000 in Christchurch and Selwyn; while 10 other regions have the cap lifted to $350,000.
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.
The house price caps will be adjusted upwards as well, with the Auckland cap of $400,000 rising to $485,000.
The $400,000 cap in Wellington and Queenstown will rise to $425,000.
The $300,000 cap in Christchurch will rise to $400,000 in Christchurch and Selwyn; while 10 other regions have the cap lifted to $350,000.
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