Labour claims new Home-Start scheme "vastly underperforming"

Thu, 28 Apr 2016

By Edwin Mitson April 28 (BusinessDesk) - Labour has warned one of the government's policies to help first-time buyers is "vastly underperforming" and having little impact in Auckland, New Zealand's largest city. The $435 million Home-Start scheme was introduced on April 1 last year. The government aims to help 90,000 people buy a home over five years. The scheme means buyers are able to get a grant of up to $10,000 to buy an existing property or $20,000 to buy a new property. In its first year of operation, 11,943 people used the sc...

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