Buying guide
Everything you need to know about home loan deposits in New Zealand
Your straightforward guide to home loan deposits in Aotearoa.
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AI summary
A home loan deposit is crucial for buying property in New Zealand, with lenders typically requiring 20% of the purchase price. A larger deposit signals lower risk and can lead to better loan terms.
Your deposit can include 'genuine savings' and funds from your KiwiSaver if you meet eligibility criteria. For qualifying first-time buyers, the First Home Loan scheme offers a path to homeownership with as little as a 5% deposit, helping you get on the property ladder sooner.
What you'll learn
How much deposit is needed to buy a house in NZ?
| Region | Average asking price | Deposit needed (20%) | |||
|---|---|---|---|---|---|
| Auckland | Auckland | $1,006,000 | $1,006,000 | $201,000 | $201,000 |
| Wellington | Wellington | $788,000 | $788,000 | $158,000 | $158,000 |
| Canterbury | Canterbury | $698,000 | $698,000 | $140,000 | $140,000 |
Most home deposits are around 20% of the property's asking price.
Why do lenders care about my home loan deposit?
What can I use for my home loan deposit?
Using your KiwiSaver for your home loan deposit
Using your KiwiSaver can be a big help in reaching your home loan goals.
What is the First Home Loan scheme?
Quick tips for saving for a home loan deposit
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