of our clients are people buying their 2nd or 3rd property after we helped them into their first home. It is our job to know and understand the process and make it easier for you to make what is often the biggest decision in a person's life. Make sure you check out our mortgage calculator to help you determine what your repayments might be. Buying a home is always a challenge. Access to KiwiSaverT has made things easier, but before you race out to grab that money and the available subsidies, here are the RULES: Housing NZ Subsidy - $1,000 per year that you have contributed is available after 3 years, and up to a MAXIMUM of $5,000 for those that have contributed for at least 5 years. The subsidy CANNOT be used as the deposit -- it is only made available on the SETTLEMENT day of the property purchase. There is a MAXIMUM property purchase value of $300,000 in most locations otherwise the subsidy NO LONGER applies. Example: We helped a recent young couple on the journey to their first home. They were entitled to a Housing NZ subsidy of $3000. The property they were considering was going to auction. They knew they had to purchase at $300,000 or less otherwise they would lose their subsidy entitlement. If they went to $301,000 -- the house would have effectively cost them $304,000. So as their broker we sat with them during the auction and at the end they walked away