New data from ANZ shows a big increase in the number of first-home buyers turning to KiwiSaver to help them get into the property market.
ANZ, the country’s biggest KiwiSaver provider, said the number of withdrawals for a first home has increased by 188 per cent over the past three years as KiwiSaver balances increase and become an increasingly important part of the home buying equation.
In the year to March 2016, a total $148 million was withdrawn by ANZ’s KiwiSaver members to help them buy their first home. This compares with just $62 million in the prior year...MORE»
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