close
MENU
General Business
5 mins to read

KiwiSaver plays bigger role than ever in first-home buying

FMA report shows a year of growing membership and contributions, but also fees.

Dita De Boni Thu, 10 Oct 2019

The number of people withdrawing their KiwiSaver funds to purchase a first home has leapt by almost a third in the past year.

In the 12 months to June 30th, $953 million was taken out by over 39,000 New Zealanders to put against property, a rise of 32% over last year. 

Just over $1 billion

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Dita De Boni Thu, 10 Oct 2019
Contact the Writer: dita@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
KiwiSaver plays bigger role than ever in first-home buying
General Business,
81196
true