Abigail Dougherty/Stuff
Even new homes in Auckland are beyond the reach of first time homebuyers under the Kāinga Ora first home loan scheme eligibility criteria.
Emile Steenkamp is earning a decent wage and saving hard but still can t break into the Auckland housing market. He says it s frustrating the Government systems set up to help first-home buyers are no use to him. The Kāinga Ora low-deposit first-home loan scheme allows people to access loans with a 5 per cent deposit. But city property prices have risen so far that Kāinga Ora’s low-deposit first home scheme has stalled in Auckland and Wellington.