Buying guide
Getting financial support for buying your first home in New Zealand
It pays to do your research.
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AI summary
Buying your first home is a major financial step, but significant support is available. Researching your options can help you secure a property and save money.
Key government and financial schemes include:
- KiwiSaver: Use your savings for a deposit after three years of contributions.
- First Home Loan: A Kāinga Ora scheme enabling a purchase with a deposit as low as 5%.
- Kāinga Whenua Loans: For Māori building or buying on multiple-owned land.
Additionally, help from family through cash gifts or loan guarantees can significantly boost your deposit.
What you’ll learn:
Financial help for buying your first home
1. Using your KiwiSaver
Your KiwiSaver can be a big help when buying a home.
2. First Home Loan
You and your partner might be eligible for the same financial help, meaning you can build a bigger deposit together.
3 Kāinga Whenua Loans
4. Help from family
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