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
AI summary
Did you know you can use your KiwiSaver for a home deposit even if you've owned property before? The second chance withdrawal allows this if you meet specific criteria.
You must meet standard withdrawal rules, no longer own any property, and have "realisable assets" below 20% of the regional house price cap. The process requires applying to your KiwiSaver provider and getting an assessment from Kāinga Ora to confirm your financial position. You may also qualify for a First Home Grant.
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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