PHOTO: At the moment, people who use their KiwiSaver money to buy their first home have to live in the property
An economist says people should be looking beyond real estate for places to invest.
The Interim Retirement Commissioner is recommending extending KiwiSaver first home withdrawal rules to include investment properties.
Under the proposed changes, the buyer would no longer have to live in the property they purchase.
Former Associate Minister of Finance Peter Neilson told Mike Hosking there needs to be investment in fast-growing companies in New Zealand.
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