Feature article
Where will your deposit come from?
Your deposit does NOT have to all come from one place.
AI summary
Building a house deposit in New Zealand is achievable by combining funds from various sources. Don't be discouraged by high prices, as 5-10% deposit options and government schemes are often available.
Primary sources for your deposit include:
- KiwiSaver: A popular choice, accessible after three years of contributions.
- Personal savings: Grown through term deposits, cash funds, or investments.
- Parental help: Often provided as a gift or a formal loan (DOAD).
Creative methods like selling items or negotiating a pay rise can also boost your funds.
“Comparison is the thief of all joy”
Where will your deposit come from?
1. KiwiSaver
2. Savings
BNZ featured term deposit rates 2024
Kernel Fund Performance as of August 2024
3. Bank of mum and dad
4. Other things
Financial Disclaimer
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