Buying guide
How much do you need for a house deposit in New Zealand?
Everything you need to know.
.png)
AI summary
In New Zealand, a standard house deposit is typically 20% of the property's price. However, low-deposit options are available, such as 5% for new builds or 10% for existing homes.
Deposit funds can come from genuine savings, KiwiSaver, or family gifts. For first-home buyers, the First Home Loan scheme allows eligible applicants to purchase a home with only a 5% deposit. Investment properties generally require a larger deposit of 20% or more due to higher perceived risk.
How much deposit do I need?
How much deposit do I need for an investment property?
A house deposit is one portion of the money a buyer pays to a property seller to secure the home
Where can my deposit funds come from?
First home loan: a helping hand for first home buyers
How to get a mortgage
Tips to save your deposit faster
1. Create a budget and stick to it
2. Make the most of your KiwiSaver
3. Incentivise saving
Consolidating your debts can help you avoid paying additional fees.
4. Debt consolidation
5. Talk to friends and family
Author
Discover More
First home buyers, this is your West Auckland moment: a four-bedroom freehold going to auction with a $200,000 reserve
A $200k auction reserve in Swanson offers Auckland first home buyers a rare shot at a freehold four-bed home.
Coast to Coast founder went for a walk one morning in his pyjamas. He came home having bought a house
Robin Judkins bought a rundown Sumner home on a whim and transformed it into a creative retreat.
Search
Other articles you might like
