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, shared ownership schemes offer a path to buying a first home. You co-purchase a property with a partner, buying their share over time.
Key options include:
- Kāinga Ora First Home Partner: Government help for new builds.
- NZ Housing Foundation: A charity for specific developments.
- YouOwn: A private option with no income caps.
- Squirrel Launchpad: A loan for high-income, low-deposit buyers.
Each program has unique eligibility criteria and benefits.
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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