Feature article
Where will your deposit come from?
Your deposit does NOT have to all come from one place.
AI summary
Securing a house deposit in New Zealand is achievable by combining funds from various sources. It's important not to compare your financial journey to others.
Key sources for your deposit include:
- KiwiSaver: A primary tool used by over 90% of first-home buyers.
- Savings: Grown through term deposits, or higher-return investments like ETFs for longer-term goals.
- The "Bank of Mum and Dad": Financial help can be a gift or a formal loan.
Low-deposit options and government schemes also exist, making homeownership more accessible.
“Comparison is the thief of all joy”
Where will your deposit come from?
1. KiwiSaver
2. Savings
BNZ featured term deposit rates 2024
Kernel Fund Performance as of August 2024
3. Bank of mum and dad
4. Other things
Financial Disclaimer
Author
Search
Other articles you might like
