- KiwiSaver is helping more first-home buyers into the property market, new data shows.
ANZ, the country’s biggest KiwiSaver provider, said the number of withdrawals for a first home had increased 188 per cent over the past three years, as KiwiSaver balances increased.
In the year to March 2016, a total of $148 million was withdrawn from ANZ’s KiwiSaver accounts to buy property. That is up from $62m the year before.
The average first-home withdrawal was $18,361.