Story: Housing

KiwiSaver housing subsidy

 KiwiSaver housing subsidy

Since the early 20th century the state has provided, to a greater or lesser degree, housing subsidies for some home buyers. In the 2010s the KiwiSaver superannuation scheme offered a $3,000 subsidy to first-time home buyers who had been in the scheme for three years. Among those to take advantage of the measure was Kim Jennings who, in 2010, put the grant towards a deposit to buy a two-bedrooom home in the Auckland suburb of One Tree Hill. 

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New Zealand Herald
Reference: 230910NZHNSHOUSES3.JPG
Photograph by Natalie Slade

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How to cite this page:

Ben Schrader, 'Housing - 21st-century challenges', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/38669/kiwisaver-housing-subsidy (accessed 12 December 2019)

Story by Ben Schrader, published 5 Sep 2013