PHOTO: Some KiwiBuild applicants who have been preapproved can afford to muster up deposits of $650,000 or no deposit at all. Photo: RNZ/ Anneke Smith
Would someone who could raise $650,000 for a house deposit be considered a struggling first-home buyer and need a KiwiBuild house?
That’s the situation for three people who’ve been given pre-approval to be part of the scheme.
Each declared they could stump up with $650,000 with help from family members, and have annual incomes of less than $11,000.
At the other end of the scale, one applicant declared an income of $20 with no deposit, and was considered eligible.
The Housing Ministry has released details of more than 500 pre-approved applicants as of February this year, after RNZ took a complaint to the Ombudsman.
That includes residency status, the number of people on each application, their income and the amount each has for a deposit.
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