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
Struggling with a house deposit? Alternative homeownership schemes offer a pathway onto the property ladder by sharing the initial purchase cost. These co-ownership models allow you to buy out the partner's share over time.
Key options include the government-backed Kāinga Ora First Home Partner scheme, the charity-based NZ Housing Foundation, privately-funded YouOwn, and the Squirrel Launchpad loan for high-income earners. Each has specific eligibility criteria, providing valuable alternatives for first-home buyers in New Zealand.
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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