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 more achievable than you might think, with options for 5-10% deposits available. Your deposit can come from several sources combined, not just one.
Key options include:
- KiwiSaver: A primary source for most first-home buyers, accessible after three years of contributions.
- Personal savings: Grown through term deposits, cash funds, or higher-return investments like ETFs.
- Family assistance: A gift or loan from the ‘Bank of Mum and Dad’.
Exploring all these avenues can make home ownership a reality sooner.
“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
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