KiwiSaver Drops: What First Home Buyers Need to Know
The KiwiSaver rollercoaster has been particularly steep lately, leaving many first-time home buyers in a precarious position. We're seeing clients lose thousands from their house deposits virtually overnight – one buyer recently watched $5,000 vanish from their KiwiSaver just between loan application and settlement!
What can you do if you're caught in this situation? First, review which fund your KiwiSaver is invested in immediately. If you're planning to buy within the next year, conservative or balanced funds typically make more sense than aggressive growth options. Many first-home buyers…
The skinny
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