Picture this: you’re standing at the front door of your dream home, heart racing with excitement as you slide the key into the lock for the first time. Feels amazing, right? But before you can turn that key, there’s one major hurdle to clear – the dreaded minimum deposit. If
Thinking about using your KiwiSaver funds towards your first home? It’s an exciting step and making a KiwiSaver first home withdrawal might mean home ownership is closer than you think. If you’ve been a KiwiSaver member for at least three years, you can get a KiwiSaver first home withdrawal. This
In New Zealand’s robust housing market, the dream of homeownership can seem just out of reach for many, especially given the challenge of saving for a deposit. With the average house price in New Zealand sitting at $925,812 (Trading Economics, February 2024), you’ll need to save a whopping $185,162 deposit.
A welcome home loan is tailored for first home buyers who can afford mortgage repayments but find saving for the standard 20% deposit challenging. It’s an initiative designed to give you a leg up onto the property ladder, transforming your homeownership dreams into reality. KiwiSaver plays a role in this
The Kāinga Ora First Home Grant was discontinued on May 22, 2024, at 1pm. Kāinga Ora stopped accepting new applications after this date. But that doesn’t mean all is lost for first home buyers in New Zealand. There are still other assistance programs designed to help first home buyers enter
Kāinga Ora, known as Homes and Communities, plays a pivotal role in providing public housing in New Zealand. Serving as a cornerstone of community welfare, this organisation is responsible for fostering the availability of quality homes that are affordable and accessible. But, what is Kainga Ora, exactly? It’s a government
