KiwiSaver HomeStart Grant
Are you eligible for the KiwiSaver HomeStart Grant?
To be eligible, you must have been regularly contributing to KiwiSaver for three years or more and, upon purchasing a home, you must live in the property for at least six months (and it cannot be an investment). There are restrictions in relation to your income and the purchase price of the property.
If you have owned a property before, you will also need to obtain confirmation from Housing New Zealand that you qualify for second-chance withdrawal. You can obtain more information about the second-chance eligibility process on the Housing New Zealand website.
You must also have 10 per cent of the total purchase price as a deposit (in other words, money that you can put towards the purchase price excluding bank lending). This deposit includes your available KiwiSaver balance, the HomeStart grant, savings and any money being gifted to you by family or friends.
View the full list of eligibility criteria.