Rent, Buy or Own
Buying a home with KiwiSaver
KiwiSaver is a voluntary, work-based savings initiative to help you with your long-term saving for retirement. It has a range of membership benefits including contributions from your employer and the government, as well as help with buying your first-home.
KiwiSaver offers two features to help you into home ownership:
- KiwiSaver first-home deposit subsidy
- KiwiSaver first-home savings withdrawal.
You can use both of these features to:
- Buy a home
- Buy land to build a home on.
Housing New Zealand administers the deposit subsidy which is paid directly to your solicitor, on settlement day.
It may take 5 working days to approve or pre-approve an application for the deposit subsidy. Once eligible, we will give you a letter to confirm the deposit subsidy is available. You can take this to the bank as it counts towards the total finance available you have to buy your first home.
Your scheme provider administers the first-home withdrawal. However, Housing New Zealand is involved in the first-home withdrawal if you are a previous home owner, but no longer have a share in a property.
Click on one of the links below if you are a:
