Need some help getting a deposit together? If you’re a first-time home buyer, or a previous home owner and you’ve been making regular KiwiSaver contributions for at least three years, you may be eligible for a First Home Grant of up to $10,000 through Kāinga Ora – Homes and Communities.
You can apply for either:
- A pre-approval before you start looking for a property to buy. This gives you certainty around eligibility and how much you may qualify for.
- A grant approval if you’ve found a property and have a signed sale and purchase agreement.
If you buy an existing home
If you buy an existing home, you can get $1,000 for each of the three (or more) years you've paid into the scheme. The most you can get is $5,000 for five or more years.
If you buy a new home or land
If you buy a new home or land to build on, you can get $2,000 for each of the three (or more) years you've paid into the scheme. The most you can get is $10,000 for five or more years.