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 home loan deposit is essential for buying property in NZ, with lenders typically requiring 20% of the home's value. A larger deposit signals financial discipline and can secure better loan terms.
At least 5% of your deposit must be from 'genuine savings'. Eligible first-home buyers can use their KiwiSaver funds to help. The First Home Loan scheme is another option, allowing qualifying buyers to purchase a home with as little as a 5% deposit.
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
She’d never owned a home before buying this cute 1870s cottage. There was just one catch
A first-home buyer transformed a historic 1870s Wellington cottage into a character-filled home.
They found their dream home by accident. Now a devastating diagnosis is forcing them to sell
A dream Whanarua Bay home is being sold after a devastating cancer diagnosis changes their plans.
Search
Other articles you might like
