FIRST HOME
Using KiwiSaver
Money from your KiwiSaver account, investment, savings or monies can be put towards the deposit for your first home.
Read more about first homes
- Choosing a home
- Working with a real estate agent
- Building rather than buying
- Buying in Auckland
- Buying a property
- What kind of mortgage should I get?
- Using KiwiSaver
- Government assistance
- Credit scores
- Low deposit mortgages
- Building a deposit
- Preparing for pre-approval
- Extra costs when buying a house
- Using a guarantor
- Buying a house with friends
- Managing your mortgage
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Accessing your investment in KiwiSaver
If you are a member of KiwiSaver, you can withdraw funds from your KiwiSaver account to put towards the purchase of your first home.
The criteria you have to meet are:
- You need to have made contributions of at least 3% of your income for three years.
- You have to be purchasing your first home, not an investment property.
- Including your KiwiSaver withdrawal, you need to have a minimum of 10% deposit.
The rules around withdrawals have changed – you can now withdraw funds from your KiwiSaver account to put towards your initial deposit, and you can withdraw all but $1000 of your KiwiSaver balance if necessary.
If you transferred money from an Australian superannuation scheme to your KiwiSaver account, you can’t withdraw that money to purchase a home.
As a KiwiSaver member you also may be eligible for a First Home grant. Check out our Government Assistance page for more information.