Financial help for first home buyers
You may be able to get government help to buy your first home if you’re a KiwiSaver member, a Kāinga Ora tenant and wish to buy the house that you live in, or are Māori and want to live on your ancestral land.
Kāinga Ora support
Kāinga Ora – Home and Communities offers a range of home ownership options when buying a house or land to build on:
- First Home Grants (was called Home Start Grant)
- First Home Loans
- Kāinga Whenua Loans
- tenant home ownership
Check the Kāinga Ora website for more information about home ownership and lenders’ credit criteria.
Use the online tool to check your eligibility for a loan or grant.
KiwiSaver first-home withdrawal
You can apply to withdraw your KiwiSaver savings to put towards buying your first home if you have belonged to your KiwiSaver scheme for at least 3 years.
Find out more on the Kāinga Ora website.
Inland Revenue has more information about:
- meeting the withdrawal criteria
- how much to leave in your KiwiSaver account
- using funds transferred from an Australian Complying Superannuation scheme.
If you’re in another superannuation fund
If you are contributing to a superannuation fund scheme other than KiwiSaver, contact Kāinga Ora to ask if you can use the fund in a loan application.
If you’re from overseas
There are rules for buying or building residential property in New Zealand. Check with the Overseas Investment Office on the Land Information NZ website.