Former homeowners using KiwiSaver funds too

Mon, 07 Dec 2020

Former homeowners are tapping into their KiwiSaver nest eggs as fast as first-home buyers as fear of missing out on spiralling house prices takes root.KiwiSaver providers report a surge in enquiries from both first-home buyers and former property owners alike, with the latter scrambling to get back onto the property ladder after being out of the housing market due to business, investment or other reasons.According to Inland Revenue Department data, there were a record 5,007 withdrawals in September, amounting to $137.4 million for the purposes...

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