Back to today’s briefing

Story perspectives

Christopher Bishop Raises First Home Loan Cap to $300,000

9/6/2026

25 4 Full Breakdown

Summary

Story summary

National Party leader Christopher Bishop announced raising the First Home Loan income cap to $300,000.
The new cap replaces the $95,000 individual and $150,000 multiple-buyer limits with a single $300,000 threshold.
National expects the change to double the scheme, costing $4-$6 million annually ($16-$32 million over four years).
Bishop said the government aims to raise home-ownership to about 74% from the current 66%.

1 of 1

Story summary

National Party leader Christopher Bishop announced raising the First Home Loan income cap to $300,000.
The new cap replaces the $95,000 individual and $150,000 multiple-buyer limits with a single $300,000 threshold.
National expects the change to double the scheme, costing $4-$6 million annually ($16-$32 million over four years).
Bishop said the government aims to raise home-ownership to about 74% from the current 66%.