Property Management

Govt home loan scheme OK'd

The government’s plan to assist first-home buyers into their own homes has proved to be far more benign in terms of its economic and housing market impact than many had feared, although it still has its critics...

Sunday, August 03rd 2003

Graeme Woodley, president of the Real Estate Institute, who had vigorously opposed the introduction a a scheme similar to Australia’s where the government contributed lump sums towards a housing deposit, says he "applauds" the scheme.

"It will give some people the opportunity of getting into their first home" but it is unlikely to have the distorting impact on the housing market that an Australian-type scheme would have, he says.

The Australian scheme has been criticised as having added fuel to the already over-heated Australian housing market.

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Unity First Home Buyer special 6.55
SBS FirstHome Combo 6.74
Heartland Bank - Online 6.89
Wairarapa Building Society 6.95
TSB Special 6.99
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
ANZ Special 7.14
SBS Bank Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.55
SBS Bank Special 6.69
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
ASB Bank 6.75
Unity 6.79
Co-operative Bank - Owner Occ 6.79
SBS Bank Special 6.19
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
SBS Bank 6.79
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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