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
Even if you've owned a home before, you may qualify for a second chance KiwiSaver withdrawal for a new property purchase.
To be eligible, you must meet standard withdrawal criteria, no longer own any property, and have realisable assets below 20% of the local house price cap. The application process involves both your KiwiSaver provider and Kāinga Ora, who will assess if you're in a similar financial position to a first-home buyer. Plan for a longer settlement to accommodate this process.
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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