Buying guide
How much do you need for a house deposit in New Zealand?
Everything you need to know.
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AI summary
While a 20% deposit is standard for a home loan in New Zealand, low-deposit options are available. You may be able to buy with as little as 5% for a new build or 10% for an existing home, though this often means higher interest rates.
The government-backed First Home Loan, underwritten by Kāinga Ora, allows eligible first-home buyers to purchase with just a 5% deposit. Lenders will want to see genuine savings, including from KiwiSaver, as part of your funds.
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
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