What are the regional house price caps for first home buyer help?

Short answer: Varies by region. Auckland highest (~$875,000 for new builds). Check Kainga Ora website for current caps.

What this actually means in plain English

The government sets maximum house prices for each region. If the house costs more than the cap, you cannot get the First Home Grant or Loan. Auckland has the highest cap. Smaller towns have lower caps. Check the current caps before you start looking.

Key Facts

Auckland: $875,000 new / $650,000 existing
Wellington: $850,000 new / $650,000 existing
Christchurch: $750,000 new / $550,000 existing
Smaller regions: $650,000 new / $500,000 existing
Caps updated annually based on market data

Example

Region: Auckland

House Price: $900,000

Price Cap: $875,000

Over By: $25,000

Result: Not eligible for First Home Grant

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