Buying a first home — after loss of KiwiSaver grant
– But first: a comment on Budget tax cuts — try to save that money!
– KiwiSaver still best for first home saving — despite loss of grant.
– Other help with buying first home…
– … Or rent long-term, while saving hard.
– Where to invest your long-term savings?
Q&As:
– Laddering savings while studying for a new career
– Dodging the rental property bright-line test
– Using KiwiSaver money to buy a UK house
– Go for the pension scheme with the employer contributions
– No need to close KiwiSaver when living overseas
– Are your contributions included in your KiwiSaver return?
Q&As:
– Are NZ houses unnecessarily big – and therefore more expensive?
– Could we just halve all house prices?
– Unfair to compare KiwiSaver and NZ Super Fund, but still …
– A property purchase that went brilliantly
Plus:
– Meaningful Christmas gifts
Q&As:
– Tips for a 26-year-old on how saving for a home
– A 50% house price drop? 30% has happened
– Changes strengthen landlord argument
– Tough gifting rules for elderly care subsidy
– One way around the care subsidy rules?
– Divorce not the answer unless real
Houses still too expensive? Lower your standards
– House price rises still very high
– House size increased while families smaller
– Quality has risen, but also unnecessary rooms?
– Too expensive? Choose smaller home
Q&As:
– The 27 cents that infuriated a reader
– KiwiSaver government contribution as reader approaches 65
– Managed fund investor must hang in there
– Just buy a home for your child….
– … Or buy part of a home
– Reader didn’t make it to second half of sentence
Q&As:
– Become a digital nomad — but keep the house
– What it’s like working with a financial mentor
– Sell the house and rent in retirement?
– Some banks reject parents’ loans to children for house buying
– A warning on lending to an elderly parent
Q&As:
– Help for low-income people in rundown house…
– … And for woman with inheritance
– … And for reader with lousy luck
– Lend rather than give money to offspring to buy a home
– Letters about banking headed for Commerce Commission
Q&As:
– Term deposit website worries me
– Not easy to invest for teens without their knowing
– Clever idea for helping your child into their first home
– Readers’ stories about switching to smaller banks
Q&As:
– Where can 16-year-old get term deposit in their own name?
– The perils of guaranteeing an adult child’s mortgage
– Budget adviser likes reverse mortgages
– Colourful quotes from Bernard Baruch
Plus:
– Your story about switching banks