Feature article
Where will your deposit come from?
Your deposit does NOT have to all come from one place.
AI summary
Sourcing a house deposit is flexible, with many combining funds from different places. Don't be discouraged, as 5-10% deposit options and government schemes can make home ownership more achievable than you might think.
Key sources include:
- KiwiSaver withdrawals (after 3 years of contributions)
- Personal savings grown via term deposits or investments
- Help from the "Bank of mum and dad" as a gift or loan (DOAD)
- Selling items or taking on extra work.
“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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