Buying your first home using your KiwiSaver savings

If you've already built up some savings in KiwiSaver, then great news, you're on your way to getting into your first home faster.

There are two ways KiwiSaver may be able to help.

Firstly, you may be able to make a first home withdrawal from your KiwiSaver account to buy your first home or buy land to build your first home on.

To be eligible, you'll need to:

  • be a member of a KiwiSaver scheme and/or a complying superannuation fund for at least three years
  • have not owned a home or land before
  • be buying a home or land in New Zealand
  • intend on living in the home or on the land you're buying.

If you're eligible, you can withdraw your KiwiSaver savings, except for $1,000 and any amount transferred from an Australian complying superannuation scheme.

Secondly, you might also be eligible for a KiwiSaver HomeStart grant from Housing New Zealand.

If you’ve been a regular contributor to KiwiSaver for at least three years, you may be eligible for a HomeStart grant from Housing New Zealand.

The amount of the HomeStart grant depends on whether the home is existing or newly built.

Anz18131 Homestart Grant Diagram

To find out more about the eligibility criteria and how to apply, visit the Housing New Zealand website.


Tax certificates and account statements will be mailed from mid-May to mid-June. If you haven’t received your documents by 15 June, please contact us on 0800 736 034. Thank you for your patience.


How to apply to use your KiwiSaver account to buy your first home

We've put together a handy guide, which breaks down the home buying process into easy-to-understand steps.

When you're ready to take the next step, you can use this online form to request your KiwiSaver first home withdrawal pre-approval letter. Along with your letter, you'll also receive an application form.

Or you can just download a copy of the application form now.


How else can ANZ help?

ANZ can help you when you’re ready to buy your first home. Whether you’re looking for information about buying your first home, or you’re ready to apply for a home loan now, you’ll find everything you need on the ANZ Home Loans section of the website.

ANZ Buy Ready offers you access to a comprehensive set of tools and resources that will help you right through the home buying process to make sure you’re ready to act when the right property comes along.

Even if you don’t have your full deposit ready, you can get started with the application process and one of our home loan experts can help you through the home buying journey. There are plenty of ways to get started:

• Start the home loan process online
• Call us on 0800 269 4663
• Talk to an ANZ Mobile Mortgage Manager
• Come into a branch near you.

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