KiwiSaver plays bigger role than ever in first-home buying
FMA report shows a year of growing membership and contributions, but also fees.
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
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