Kiwibuild buyer criteria include $180,000 cap on income and residence requirements

Tue, 03 Jul 2018

By Sophie Boot July 4 (BusinessDesk) - KiwiBuild home buyers will be required to live in their properties for at least three years and have an income cap of $180,000, according to criteria released today. Housing and Urban Development Minister Phil Twyford announced the criteria this morning, after the first year of the building programme officially began on July 1. Buyers must be first-home buyers or ‘second chancers’; must be New Zealand citizens, permanent residents or ordinarily reside in New Zealand; and have income below $120,000 fo...

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