$14,000 grant for first-home buyers lures Kiwis across Ditch

Kiwis have yet another reason to move across the Tasman following last week's announcement by the Australian Government of a A$14,000 ($15,925) grant for first-home buyers.

New Zealanders with Australian citizenship or permanent residency who fulfil certain criteria are also eligible for the grants.

Australians fulfilling the same criteria have been eligible since 2000 for a $7000 grant when buying their first homes but - in a move to increase construction and assist first-home buyers struggling with house affordability - the grants were increased to $14,000 last week.

For those buying brand-new homes, the assistance has been raised to $21,000.

To read the full NZ Herald story, click here

By NZ Herald, 21 October 2008

Posted: 21 Oct 2008

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