Buying guide
Alternative homeownership: Support for low deposit buyers
Learn about schemes designed to help low deposit buyers get on the property ladder.
6 June 2023
AI summary
For Kiwis with low deposits, several alternative homeownership options exist. Shared ownership schemes from Kāinga Ora, the NZ Housing Foundation, and YouOwn help by co-purchasing a property with you. You contribute a minimum deposit (often 5%) and buy out their share over time.
For high-income earners, Squirrel Launchpad offers a specialised loan. Eligibility varies, often based on income, residency, and credit history, so research is essential to find the right fit for your situation.
Here are some schemes available for low deposit buyers in New Zealand:
The Kāinga Ora First Home Partner scheme
Only certain homes are eligible for the First Home Partner Scheme.
New Zealand Housing Foundation shared ownership
YouOwn shared ownership
Squirrel Launchpad home loan for those high on income, low on deposit
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