Buying a KiwiBuild home
To buy a KiwiBuild home you need to check your eligibility, pre-qualify and then enter a ballot. First, we suggest you register with us to receive KiwiBuild updates, including when homes become available.
The KiwiBuild home buying process
1. Check if you're eligible
The first step in the buying process is to check if you're eligible to be part of the KiwiBuild programme.
KiwiBuild homes are for aspiring first home owner-occupiers who are currently locked out of the market.
2. Apply to pre-qualify for KiwiBuild
The second step is to pre-qualify.
You can go through the pre-qualification process at any time as this is separate from entering a KiwiBuild ballot.
However your application only remains valid for 6 months. For this reason you may want to apply to pre-qualify once you find a KiwiBuild home you're interested in.
To pre-qualify you’ll need to provide details and supporting documents to the KiwiBuild Unit. We'll assess and confirm whether you're eligible to pre-qualify.
3. Enter a ballot for a KiwiBuild home
Once your pre-qualification is confirmed, you’ll be able to enter ballots for available KiwiBuild homes. You can enter the ballot for as many homes as you wish, but you can only win one ballot.
The balloting process involves further checks to ensure you meet all the requirements for the particular home you're interested in.
4. Win a ballot for a KiwiBuild home
Applicants whose names are drawn from the ballot will get the first opportunity to buy.
Winners will be provided the developer's contact details to begin the regular Sales and Purchase process.
Winners will be required to sign a Deed of Covenant to ensure that they own and live in their KiwiBuild home for at least three years.
Download the Deed of Covenant
The location of KiwiBuild homes
At least 50,000 KiwiBuild homes will be built in Auckland to help meet the growing demand for housing in our biggest city.
Outside of Auckland, our initial focus will be on areas with high housing demand and affordability pressures, such as:
- Queenstown-Lakes District
- Whangarei District, and
The cost of KiwiBuild homes
The price of KiwiBuild homes will be set by developers. However, the price must be below the following price caps that have been set by the Government.
Auckland and Queenstown-Lakes price caps
|1 bedroom, studio and 1 + study||$500,000|
|3 or more bedrooms||$650,000|
Rest of New Zealand price caps
The price cap for KiwiBuild homes outside of Auckland and Queenstown-Lakes is $500,000.
Work is under way to identify whether this price cap can be further broken down by bedroom numbers, or adapted to better reflect other regional variations.
Register with us to receive updates
Before you apply for a KiwiBuild home, register with us to receive up-to-date information on KiwiBuild, including when KiwiBuild homes become available.
Registering doesn't require any further action on your part - it's just to keep you informed about KiwiBuild.
If you would like more information or have a general enquiry about KiwiBuild —
October 1, 2018