Buying guide
Second chance Kiwisaver: Buying your second home
Even if you’ve previously owned a home you may still be able to use your Kiwisaver for a deposit
AI summary
Thinking of buying another home? You may be able to use your KiwiSaver funds with a second chance withdrawal, even if you've owned property before.
To qualify, you must be assessed by Kāinga Ora as being in a similar financial position to a first-home buyer. Key criteria include:
- Not currently owning any property
- Having realisable assets below 20% of the area's house price cap
The process requires separate applications to your KiwiSaver provider and Kāinga Ora, so allow for a longer settlement period.
Are you eligible to use your Kiwisaver for your second home?
Applying for a second chance Kiwisaver withdrawal is easy.
Applying for a second chance Kiwisaver withdrawal
Receiving the funds
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