You might still be eligible to withdraw your KiwiSaver savings if you've previously owned a house or land.
To qualify, you have to meet the Kainga Ora criteria.
Make an initial application to Kainga Ora, including:
- Details of your income and assets.
- First home grant from KiwiSaver
You might also be eligible for a grant if you've been a regular contributor to KiwiSaver. Kainga Ora administers the grant.
Whether you are buying an existing home or building a new home will determine the amount of the grant.
Here's what you might get:
- If you're buying an existing home, you'll get $1,000 a year for every year you've been a KiwiSaver member, up to a maximum of $5,000.
- If you're buying a new home, a property bought off the plans, or land for a new built home, you'll get $2,000 a year for every year you've been a KiwiSaver member, up to a maximum of $10,000.
Kainga Ora can tell you if you're eligible for the KiwiSaver First Home Grant (income, house price caps, etc.).
Visit Kainga Ora's website at kaingaora.govt.nz/homeownership for more info