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.
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
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.
Why the Lonely Planet's coolest new travel destinations are the perfect place to buy a home
Named among the world's best places, Ōtepoti-Dunedin and Waitaki offer Kiwi buyers unique, affordable property options.
Search
Other articles you might like
