Kiwisaver

Kiwisaver is propping up house prices

Kiwisaver is propping up house prices

If we can’t afford houses without tapping into our retirement money what does that tell us? That houses are too expensive.

We need to stop listening to all the experts who have a finger in the housing pie, and stop putting home ownership on such a high pedestal. You wouldn’t pay $40,000 for a $25,000 car, so why are we willing to pay so much extra for houses.

I understand why Kiwisaver has been allowed to use as a tool for first home buyers. I get it. Home ownership rates are declining and more people are working past the age of 65. Retirement is getting harder, and not owning a home can make it that much harder, especially if you [……]

Using Kiwisaver to buy a house

Using Kiwisaver to buy a house

A few months back, I wrote an article worried about the number of people using their Kiwisaver retirement funds to buy a house.

It seemed to me that a lot of us were tapping into our Kiwisaver just because we can, and I’m not sure that everyone understands the impact this may have on long term savings.

Well I have recently come across a report that tells us how many first home buyers are tapping into their Kiwisaver to buy a house […..]