If you can afford a $650,000 deposit you don’t need a subsidy

Stuff reports:

Three people given pre-approval to buy a KiwiBuild house said they would be able to come up with $650,000 with the help of family members.
Radio New Zealand is reporting that despite being able to raise such a large sum of money, the three had annual incomes of less than $11,000.

If you can afford a $650,000 deposit, then you’re not really in need. A great example of the Government wasting money on welfare for the wealthy instead of helping those most at need.