What's Actually Still Available
The support landscape for first home buyers has changed in recent years — the First Home Grant finished in May 2024 and is no longer available. What remains active are the Kāinga Ora First Home Loan, the KiwiSaver first-home withdrawal, and the Reserve Bank's new-build exemption from loan-to-value ratio rules.
KiwiSaver withdrawal is the one most first home buyers rely on directly — and the eligibility rules are fairly specific, so it's worth confirming you qualify well before you need the funds.
KiwiSaver Withdrawal Eligibility Checklist
Confirm each of these before applying.
At least 3 years in KiwiSaver
You must have been a KiwiSaver member for a minimum of 3 years before withdrawing.
Buying your first home (or equivalent)
Or you're a previous homeowner in a similar financial position to a first home buyer.
$1,000 minimum balance left behind
There's no maximum withdrawal cap, but this minimum must remain in your account.
NZ citizenship or residency status
Confirm you meet the residency requirements ordinarily needed for these schemes.
Still Active
No Longer Available
There's no maximum cap on your KiwiSaver first-home withdrawal — the only requirement is leaving a minimum $1,000 balance in your account.
Quick Summary
- The First Home Grant ended in May 2024 — don't budget around it.
- KiwiSaver withdrawal requires 3 years of membership and a $1,000 balance left behind.
- Confirm eligibility early so there are no surprises when you need the funds.