Buying an existing/older home or a new home - eligibility

Published: 1 August 2016

A builder with a couple looking at building plans

If you are buying a house, the house needs to meet the following criteria.


(If you are buying land to build a new house on, please click here.

If you are buying a home off the plans directly from a builder / developer click here.)


  • It will be my only house. (You cannot own any other property/land.)

  • The house will be used as my primary place of residence for at least six months from the settlement date. (The HomeStart grant cannot be used to buy an investment property.)

  • The house is within the maximum house price caps. All regions are based on the Territorial Local Authority boundaries.

  • If the house you are buying received its building code compliance certificate less than six months before the date of the HomeStart grant application, then you may be eligible for a HomeStart grant of $2,000 for each year of KiwiSaver contribution, up to a maximum of $10,000.

  • The property is habitable from settlement date



The house price caps


House price cap for existing/older properties

House price cap for new properties

Auckland $600,000 $650,000
Hamilton City, Tauranga City, Western Bay of Plenty District, Kapiti Coast District, Porirua City, Upper Hutt City, Hutt City, Wellington City, Tasman District, Nelson City, Waimakariri District, Christchurch City, Selwyn District, Queenstown Lakes District $500,000 $550,000
Rest of New Zealand $400,000 $450,000


If you meet the above criteria you can start the application process now.

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