PHOTO: MATT CARDY/GETTY IMAGES A first home might be out of reach for people in expensive areas, but a rental property in another town could be more achievable.
KiwiSaver members should be allowed to withdraw money from their accounts to buy rental properties, not just first homes, the Retirement Commissioner has suggested.
Acting commissioner Peter Cordtz said it was one suggestion up for discussion in the three-yearly review of retirement policies.
He will present recommendations to the Government at the end of the year.
He said home ownership had declined over the past 30 years from about 78 per cent in the 1980s to 55 per cent.
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