If you’re looking to buy your first home in the near future, KiwiSaver could help you get there sooner than you expect.
If you meet the eligibility criteria, you’ll be able to use your KiwiSaver savings to put towards the purchase of your first home. You'll need to leave a minimum balance of $1,000 in your KiwiSaver account and you cannot withdraw any amount transferred from an Australian complying superannuation fund.
There's also the KiwiSaver HomeStart grant. You could get up to $5,000 to buy an existing home, or up to $10,000 if you're building or purchasing a newly built home. You can check with Housing New Zealand Corporation to see if you're eligible. Income caps, house price caps and other criteria apply.
