Buying guide
Everything you need to know about home loan deposits in New Zealand
Your straightforward guide to home loan deposits in Aotearoa.
.png)
AI summary
A typical home loan deposit in New Zealand is 20% of the property's value. Lenders view a larger deposit as less risky, potentially leading to better loan terms.
Your deposit can come from various sources, including your KiwiSaver fund, which you can often access after three years of membership. For eligible buyers, the First Home Loan scheme offers a path to homeownership with a deposit as low as 5%, though lenders require a portion to be 'genuine savings'.
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
Author
Discover More
Maker of many things Gretchen Lowe’s latest home renovation
Gretchen Lowe transforms a century-old Auckland bungalow with vintage finds, colour, texture and creativity.
.jpeg)
Largest waterfront property in Point Chevalier listed; fish on the doorstep
Point Chevalier waterfront home offers a private jetty, huge grounds and stunning harbour views.
Search
Other articles you might like
