mattwnz: One of the big mistakes NZ made imo was allowing Kiwisaver to be used as a first home deposit. That money should have been for when you retire. It therefore allowed many people who were bad with money, able to buy a house and at a higher price, without needing to specifically save for a house deposit, and potentially pushing up prices even more. But Kiwisaver can't be withdrawn for other things like education or setting up a business which could have far better returns for the Kiwisaver holder. The new government is now going to allow people to borrow from their Kiwisaver account for a rental bond, which they may never get back. Again this helps property investors. I understand they're could also be some other similar changes if lobbyists get their way. It really erodes the value of Kiwisaver and means a lot of people may have less savings for retirement
unfortunately there is plenty of comments around, which is suspect is lobbyists, that suggest they are setting up to get rid of kiwisaver outright. which means all that money will be open for the taking, typically via housing market.