How to get the KiwiSaver First Home Grant

Want some help to get the keys to your first home? Read on.

If you’ve been contributing to KiwiSaver for more than three years, you might be entitled to some extra money from the government to help you pay for the deposit for a house, if it’s your first home.

Two First Home grants are available. One is for buying an existing home and the other for buying or building a new house. Kainga Ora is in charge of administering them.

How much money can you get?

  • For purchasing an existing home, the grant is between NZ$3,000 and NZ$5,000. You’ll get NZ$1,000 for each year you’ve been in KiwiSaver.
  • For building or buying a new home, or for buying land to build your new home on, the grant is more generous. It’s NZ$2,000 per year of membership in KiwiSaver, up to a maximum of NZ$10,000 for five years, for each member.

Who can get it?

To be eligible for a KiwiSaver First Home grant you must:

  • have been contributing the required minimum amount to KiwiSaver for at least three years
  • be over 18
  • be purchasing or building your first home
  • have a household income (before tax) of less than NZ$95,000 per year (for one person), or less than NZ$150,000 per year (for two or more people)
  • be planning to live in the house for at least six months from the settlement or completion of the property.

You can find full requirement details on Kainga Ora website.

Note that even if you’ve owned a home before, you may still be eligible for a First Home grant.

You’ll need to persuade Kainga Ora that you’re in the same financial position as a first-home buyer.

You can only receive the KiwiSaver First Home grant once.

How long does it take to get the money?

Kainga Ora needs at least four weeks or 20 working days from receiving your application through to paying out the KiwiSaver First Home Grant.

If you’re applying for the grant to meet the financial conditions of your agreement for sale and purchase, you need to apply at least 10 working days before the date when your sale goes unconditional.

If you didn’t give the required four weeks’ notice, your application might not be accepted. And the KiwiSaver First Home Grant won’t be paid out after settlement.

You can get pre-approval

If you’re still looking for your first home, you can apply for pre-approval of your KiwiSaver First Home grant.

This is valid for six months and can also help you at the bank, when you’re applying for pre-approval of your home loan.

Still feeling confused? 

For more information, visit the Kainga Ora website, or contact them on 0508 935 266. You can apply for the KiwiSaver First Home Grant online.

How can JUNO help me save more towards my first-home deposit?

JUNO can make it easier to get into your first home faster.

We only charge one, low, monthly fee, based on your KiwiSaver balance, and we don't take a percentage of your overall investment.

You can watch your balance grow faster – a huge help if you plan to use your KiwiSaver money to form part, or all, of your first-home deposit.

Information correct as at May 2021. Pie Funds Management Limited is the issuer and manager of the JUNO KiwiSaver Scheme. Click here for our Product Disclosure Statement. Any advice is given by Pie Funds Management Limited, and is general only. It relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees if you act on any advice. As manager of the Scheme we receive monthly fees that are determined by your balance and whether you are 13 years or over. We will benefit financially if you invest in our products. We manage any conflicts of interest via an internal compliance framework designed to ensure we meet our duties to you. For information about the advice we can provide, our duties and complaint process and how disputes can be resolved, visit All content is correct at time of publication date, unless otherwise indicated. Past performance is not a guarantee of future returns. Returns can be negative as well as positive and returns over different periods may vary. Please let us know if you would like a hard copy of this disclosure information.