Buying guide
How much do you need for a house deposit in New Zealand?
Everything you need to know.
.png)
AI summary
Most lenders require a 20% deposit, but low-deposit options are available. You can often buy an existing home with 10% or a new build with 5%, though this may mean higher interest rates or extra fees.
For eligible first-home buyers, the First Home Loan scheme, underwritten by Kāinga Ora, allows purchase with just a 5% deposit. Lenders typically require at least 5% of your deposit to be from genuine savings. Investment properties usually need 20% or more.
The standard: 20% deposit
| Region | Average asking price (July 2026) | Deposit needed (20%) | |||
|---|---|---|---|---|---|
| Auckland | Auckland | $981,050 | $981,050 | $196,210 | $196,210 |
| Wellington | Wellington | $744,750 | $744,750 | $148,950 | $148,950 |
| Christchurch | Christchurch | $721,400 | $721,400 | $144,280 | $144,280 |
Low deposit options: 5-10%
A house deposit is one portion of the money a buyer pays to a property seller to secure the home
What counts as deposit money?
The First Home Loan
Deposits for investment properties
Saving your deposit faster
Consolidating your debts can help you avoid paying additional fees.
Author
Discover More
NZ election 2026 and the property market: Economist Brad Olsen's view
Brad Olsen says the election matters less than you think for homeowners and buyers. Interest rates and jobs matter 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.
Search
Other articles you might like
