There are pleas for the Government not to scrap the first-home buyers grant.

Newshub is reporting the Government plans to redirect the $60 million allocated to help first-home buyers and put the money into social housing.

The scheme gives buyers between $5,000 and $10,000 towards their first home if they earn under a certain threshold, and property experts say dissolving it would be a bad move.

Whitestone Group Director Shaneel Singh told Mike Hosking that many of his clients need the grant.

He says a number first home buyers wouldn't be able to get on the property ladder without it.

In the year to February 2024, nearly 25,000 first homes were purchased. In that time, 10,500 first-home grants were paid out, meaning that 42% of first-home buyers did so with the help of the grant.

LISTEN ABOVE

There are pleas for the Government not to scrap the first-home buyers grant. 
Newshub is reporting the Government plans to redirect the $60 million allocated to help first-home buyers and put the money into social housing. 
The scheme gives buyers between $5,000 and $10,000 towards their first home if they earn under a certain threshold, and property experts say dissolving it would be a bad move. 
Whitestone Group Director Shaneel Singh told Mike Hosking that many of his clients need the grant. 
He says a number first home buyers wouldn't be able to get on the property ladder without it. 
In the year to February 2024, nearly 25,000 first homes were purchased. In that time, 10,500 first-home grants were paid out, meaning that 42% of first-home buyers did so with the help of the grant. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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