Application for the deposit subsidy

To apply for the deposit subsidy, or to apply for a pre-approval, download and print out the deposit subsidy application form. Complete the form and return with the required documents (listed in the application form) to Housing New Zealand.

To apply for the deposit subsidy, please include with your application:

1. Proof of earnings for the past 12 months
Proof of earnings is required from the applicant and for all other people purchasing the property.

If employed, you must provide a certificate of earnings or letter from your employer and your two most recent pay slips, clearly showing how much you have earned in the previous 12 months and how long you have been employed.

Income is also considered to be:

• Work and Income benefits - provide evidence from Work & Income
• Overtime and shift allowances
• Second job and casual employment - additional letter and payslips
• ACC payments and private insurance payments, such as income protection - evidence provided by ACC statements

If self employed, you are required to provide:

• Your most recent financial statements, supported by business and personal tax returns. These should show the percentage of income contributed annually to your scheme.
• Up to date interims if the end of the last financial year is more than six months ago

2. Proof of contribution to your KiwiSaver scheme (or other qualifying scheme)
This can include statement print outs from the "My KiwiSaver" online service on www.kiwisaver.govt.nz, payment records from your scheme provider, letter from your employers, or financial statements showing the percent of income contributed (if self employed)

3. Identification
Photo copy of passport or birth certificate.

4. Sale and purchase agreement of the house or land you are buying
(if you have made an offer to purchase and now require the deposit subsidy) - if not applying for a pre-approval

You will require a witness when signing the application form.

You can apply for pre-approval if you are considering using the deposit subsidy to buy a house or land to build on and want to confirm your eligibility before you start house hunting. Housing New Zealand will confirm whether your application is successful. Simply complete the application form, ticking the pre-approval option. Then return with the required documents and we will check your eligibility.

Housing New Zealand needs you to provide evidence of your contributions history. If you don’t have these records, you can obtain them from your scheme provider or from the IRD website “manage my KiwiSaver”, www.kiwisaver.govt.nz.