Hon Dr MEGAN WOODS (Minister of Housing): The Government is backing first-home buyers by making changes to the First Home Grants and First Home Loans. These changes mean more New Zealanders can access support to get into their first home. We've increased the house price caps for the First Home Grant to align with lower quartile market values for new and existing properties in each different part of the country. We are also removing house price caps entirely from the First Home Loan to provide a greater choice of homes for prospective first-home buyers. Caps will be reviewed in six months' time. These changes, along with other changes to the eligibility criteria, will help thousands more first-home buyers. Funding is available for approximately 7,000 extra First Home Grants and 2,500 extra First Home Loans each year.