Second chance Kiwisaver: Buying your second home

You may be able to use your KiwiSaver for a deposit even if you've owned a home before, via a "second chance" withdrawal. This is for previous homeowners now in a similar financial position to a first-home buyer.

To be eligible, you must meet standard withdrawal criteria, no longer own property, and have realisable assets below a set threshold. Kāinga Ora assesses your financial situation and provides confirmation to your KiwiSaver provider.

Apply through both your provider and Kāinga Ora.