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
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.
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
Author
Discover More
Historic home saved from demolition and turned into $6m waterfront paradise
A rescued Remuera villa is now a $6m-plus Mahurangi Harbour retreat with rich history and waterfront living.
.jpg)
Spotlight on Canterbury, local property market insights
Trade Me data shows Canterbury defying the property cooldown, with high demand for big homes and great townhouse deals.
Search
Other articles you might like
