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.

KiwiSaver is helping an increasing number of people buy their first home. At ANZ, last year we helped over 10,000 New Zealanders to use their KiwiSaver savings to get into their first home.

How KiwiSaver could help you into your first home

There are two ways KiwiSaver can help:

  1. Withdrawing KiwiSaver savings for your first home
  2. KiwiSaver HomeStart grant

Below you’ll find a summary of each option – for full details, including an overview of the home buying process, check out our handy guide

Withdrawing KiwiSaver savings for your first home

If you’ve been a member of a KiwiSaver scheme and/or complying superannuation fund for at least three years, you may be able to withdraw your KiwiSaver savings (except for $1,000 and any amount you may have transferred from an Australian complying superannuation scheme) to put towards buying your first home, or land to build your first home on.

You must also:

  • Have not owned a home or land before
  • Be buying a home or land in New Zealand
  • Intend to live in the home or on the land you’re buying

It’s quick and easy to apply - just complete our simple online form and we’ll be in touch.

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KiwiSaver HomeStart grant

If you’ve been a member of a KiwiSaver scheme and/or complying superannuation fund for at least three years, you may be eligible for a HomeStart grant of up to $5,000 (for an existing home) or $10,000 (for a new build) from Housing New Zealand. 

To find out more and apply, visit the Housing New Zealand website.

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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.
• Apply online


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