Feature article
Where will your deposit come from?
Your deposit does NOT have to all come from one place.
AI summary
Sourcing a house deposit is more flexible than you might think, with funds often coming from multiple places.
KiwiSaver is a primary source for over 90% of first-home buyers, allowing withdrawal of most funds after three years of contributing. Personal savings can be grown through term deposits, cash funds, or longer-term investments. Help from the "Bank of mum and dad" is also common, either as a gift or a loan.
With 5-10% deposit options available, homeownership may be more achievable than you think.
“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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