Feature article
Where will your deposit come from?
Your deposit does NOT have to all come from one place.
AI summary
Building a house deposit is more achievable than you might think, as funds can come from various sources.
Your deposit can be a mix of KiwiSaver withdrawals (accessible after three years of contributing), personal savings, and help from the Bank of Mum and Dad via a gift or loan. Grow your savings with term deposits for short-term goals or consider higher-return investments like ETFs if buying is 5+ years away. Creative options like selling items or negotiating a pay rise also help.
“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
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