Buying guide
Alternative homeownership: Support for low deposit buyers
Learn about schemes designed to help low deposit buyers get on the property ladder.
6 June 2023
AI summary
Struggling with a house deposit? Several schemes offer alternative paths to homeownership for low-deposit buyers in New Zealand, often through shared ownership.
Key options include:
- Kāinga Ora First Home Partner: Government co-ownership for new builds.
- NZ Housing Foundation: Shared ownership in specific developments.
- YouOwn: A private co-ownership provider.
- Squirrel Launchpad: A specialised loan for high-income, low-deposit buyers.
These programmes help bridge the deposit gap, each with unique eligibility criteria and terms.
Here are some schemes available for low deposit buyers in New Zealand:
The Kāinga Ora First Home Partner scheme
Only certain homes are eligible for the First Home Partner Scheme.
New Zealand Housing Foundation shared ownership
YouOwn shared ownership
Squirrel Launchpad home loan for those high on income, low on deposit
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