Talk to your KiwiSaver provider and Housing New Zealand about buying your first home.
You must be in KiwiSaver for at least 3 years before you withdraw funds for your first home.
You can take out:
- your contributions
- your employer’s contributions
- the government contribution
- interest on your KiwiSaver savings.
You must leave $1000 in your account. Funds transferred from an Australian Complying Superannuation scheme cannot be withdrawn.
KiwiSaver HomeStart grant
Depending on whether you're buying an existing home or a new build - you can get up to $10,000 towards buying your first home using the KiwiSaver HomeStart grant.
HomeStart helps people buy their first home, but if you’ve owned a home before you might still qualify.
Housing New Zealand administers this grant.