You may be able to get government help to buy your first home if you're a KiwiSaver member, purchasing in certain areas, want to buy a house owned by Housing New Zealand or are Māori and want to live on your ancestral land.
If you have contributed to KiwiSaver for at least 3 years, you may be eligible for a KiwiSaver First Home Grant and/or KiwiSaver first-home withdrawal. These are designed for first-home buyers but some people who have previously owned a home may be eligible.
KiwiSaver First Home Grant: We recommend looking into this early in the home purchase process. Applications must be made to Kāinga Ora (previously Housing New Zealand) at least 20-working days before settlement or when required. Payment cannot be made after settlement.
Read more about KiwiSaver First Home Grant(external link).
KiwiSaver first-home withdrawal: You can apply to your KiwiSaver provider to withdraw some of your KiwiSaver savings to put towards buying your first home if you‘ve belonged to your KiwiSaver scheme for at least 3 years. Check with your KiwiSaver provider early regarding timeframes to make sure your application is processed before settlement.
Read more about KiwiSaver first-home withdrawal(external link).
The KiwiBuild programme has been established to help provide affordable housing for first time home buyers or those in a similar financial position who have previously owned a home.
It aims to deliver 100,000 new homes through a planned redevelopment of public housing land, accelerating private developments, and building on vacant or underutilised Crown-owned land.
Eligibility to purchase a KiwiBuild home depends on several factors including your household income.
Read more about KiwiBuild(external link).
First Home Loans are issued by selected banks and other lenders and underwritten by Kāinga Ora (previously Housing New Zealand). With a First Home Loan, you might be able to get a home loan with only a 5% finance deposit. How much you can borrow depends on your lender, where you live in New Zealand and what you can afford.
Read more about First Home Loan(external link).
Kāinga Whenua loan
If you’re Māori, you may be eligible for a Kāinga Whenua loan to build, buy or relocate a home onto your ancestral land.
Read more about Kāinga Whenua loans(external link).
Help to buy a house owned by Kāinga Ora
If you’re a tenant in a statehouse, you can buy your home if it’s available for purchase.
Read more about tenant home ownership(external link).