Buying guide

Second chance Kiwisaver: Buying your second home

Even if you’ve previously owned a home you may still be able to use your Kiwisaver for a deposit

Ben Tutty
Last updated: 13 June 2024 | 3 min read
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Even if you've owned a home before, you may qualify for a Kiwisaver second chance withdrawal to help buy another property. Kāinga Ora must assess you as being in a similar financial position to a first-home buyer.

To be eligible, you must meet standard withdrawal criteria, no longer own any property, and have realisable assets below a certain cap. The application involves both your KiwiSaver provider and Kāinga Ora. Allow extra time for settlement as the process can be lengthy.

Are you eligible to use your Kiwisaver for your second home?

Applying for a second chance Kiwisaver withdrawal is easy.

Applying for a second chance Kiwisaver withdrawal

Receiving the funds

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Ben Tutty Ben Tutty
Content Writer