The government has unveiled plans to help first-home buyers into the market, by increasing the caps for financial support and extending the bright-line test to 10 years, RNZ reports. From 1 April, the income cap to access First Home Grants and Loans will be lifted from $85,000 to $95,000 for single buyers, and from $130,000 to $150,000 for two or more buyers. According to Prime Minister Jacinda Ardern, the plan is a package of both urgent and long-term measures to relieve pressure.
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