HomeStart grant

To help you buy your first home you may be able to get a one-off contribution from Housing New Zealand of up to $20,000.

There are a few rules around how long you have been contributing to KiwiSaver, plus income and regional house price caps. You may also need to have a minimum deposit. 

Even if you have previously owned a home, you may still be able to get this one-off contribution. 


How much could I be eligible for?

The KiwiSaver HomeStart grant offers eligible home buyers up to $10,000 to buy an existing house, that’s older than six months, and up to $20,000 for the purchase or build of a new home.

Purchasing an existing/older house

If you are purchasing an existing/older house you can get $1,000 per year for every year you have been in KiwiSaver, up to $5,000.

KiwSaver ContributionsSingleCouple
3 years $3,000 $6,000
4 years $4,000 $8,000
5 years $5,000 $10,000

Purchasing or building a new house

If you are purchasing or building a new house you can get $2,000 per year for every year you have been in KiwiSaver, up to $10,000.

KiwSaver ContributionsSingleCouple
3 years $6,000 $12,000
4 years $8,000 $16,000
5 years $10,000 $20,000


What's the process?

Found your dream home already

If you have already found a house, and have a signed sale and purchase agreement, you can complete the Housing New Zealand application form. Your application must be with Housing New Zealand at least 20 working days before settlement or they may not pay out the grant. 

The HomeStart grant is paid directly to your solicitor prior to settlement day.

Still looking for your dream home

Even if you haven’t found a house you’d like to buy, you can still apply for a HomeStart grant pre-approval via the Housing New Zealand website

Once you have found a house you can complete the process. Your pre-approval will be valid for 180 days, and after that time you will need to re-apply.

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Am I eligible for a HomeStart grant?

There are a number of eligibility criteria for the HomeStart grant.

You must be 18 years or over and have contributed at least the minimum allowable amount of your total income to a KiwiSaver scheme, complying fund or exempt employer scheme regularly for at least three years.

A minimum deposit of 10% is required and there are rules around the type of property you are purchasing, whether you are a single buyer or purchasing with a group and if it is an existing property or new build.

Income and regional house price caps also apply, as outlined in the tables below.

You can view the complete list of criteria to see if you’re eligible for a HomeStart grant by visiting the Housing New Zealand website

Previous home owners may still be eligible for a HomeStart grant, however there are additional criteria around being in the same financial position as a first home buyer.

Income caps

Number of buyers

Income (before tax) in the last 12 months

Single buyer $85,000 or less
Two or more buyers Combined income of $130,000 or less

Regional house price caps

RegionHouse price cap for existing/older propertiesHouse price cap for new properties
Auckland, Queenstown Lakes District $600,000 $650,000
Hamilton City, Tauranga City, Western Bay of Plenty District, Kapiti Coast District, Porirua City, Upper Hutt City, Hutt City, Wellington City, Tasman District, Nelson City, Waimakariri District, Christchurch City, Selwyn District $500,000 $550,000
Rest of New Zealand $400,000 $500,000 

Withdrawal process

Simply complete the first or second chance home withdrawal form and give it to your solicitor who will submit the application to us on your behalf, with the following supporting documents:

  • Signed solicitor’s certificate
  • A copy of the solicitors bank deposit slip
  • A copy of the unconditional sale and purchase agreement

Please make sure your application is with us at least 10 working days before settlement.

The funds will be paid directly to your solicitor’s trust account prior to settlement.  If for any reason the purchase does not go ahead, your solicitor will repay the funds back to us and we will credit them back into your Summer KiwiSaver scheme account.

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