Warning to rebuild your nest egg after KiwiSaver used for first home

  • Kim Bryce and her partner, Mike, cannot imagine how they could have become homeowners without the help of their KiwiSaver accounts.

The pair had to save hard to get into their new property, near Kaiapoi, living with her parents to save money for the move.

Their KiwiSaver cash eventually provided 11 per cent of the $265,000 purchase price.

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Kim Bryce is paying higher contributions to her KiwiSaver account, after using the money to fund her first property purchase.

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