Buying guide
How much do you need for a house deposit in New Zealand?
Everything you need to know.
.png)
AI summary
In New Zealand, banks typically require a 20% house deposit. However, low-deposit options are available, such as 5% for new builds or 10% for existing homes. Eligible first-home buyers may also use the First Home Loan scheme to purchase with only a 5% deposit.
Your deposit can come from "genuine savings" like KiwiSaver or family gifts. To reach your goal faster, create a budget, maximise KiwiSaver contributions, and consider consolidating any existing debt.
How much deposit do I need?
How much deposit do I need for an investment property?
A house deposit is one portion of the money a buyer pays to a property seller to secure the home
Where can my deposit funds come from?
First home loan: a helping hand for first home buyers
How to get a mortgage
Tips to save your deposit faster
1. Create a budget and stick to it
2. Make the most of your KiwiSaver
3. Incentivise saving
Consolidating your debts can help you avoid paying additional fees.
4. Debt consolidation
5. Talk to friends and family
Author
Discover More
Townhouses deserve a better press. Here's the evidence.
Seven townhouses for sale on Trade Me Property show there's more to the category than you expect.
‘We wanted to show off’: He built his own Lockwood home to prove what it could do
Former Lockwood boss Joe La Grouw’s 648sqm Rotorua home, built to showcase the company’s designs, is now on the market.
Search
Other articles you might like
