Mortgage News

No handout for first-time buyers

Thursday 15th of May 2014

The Budget, with a surplus of $372 million, includes $1 billion in new spending – most of it aimed at extra support for children and families.

Delivering the Budget, Finance Minister Bill English said New Zealand could not afford for house prices to double again, as happened between 1999 and 2008.

He said the Government had taken a number of steps to free up housing supply, which...

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