Who is eligible

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KiwiBuild homes are for aspiring first home owner-occupiers, who are currently locked out of the market.

Who can apply for KiwiBuild

To make sure KiwiBuild homes go to the people they're intended for, KiwiBuild home owners must:

  • be a first home buyer, or in a similar financial position as a first home buyer (that is, a 'second chancer' (see below)
  • be a New Zealand citizen or a permanent resident, or a resident visa holder who is ‘ordinarily resident in New Zealand'
  • have income of no more than $120,000 for a single purchaser, or no more than $180,000 for more than 1 purchaser
  • intend to own the home for at least 3 years
  • intend to live in the home as their main place of residence for at least 3 years.

Download the Eligibility Criteria

'Second chancers'

Second chancers are people who:

  • previously owned a home but who no longer own a home, and
  • who are in a similar financial position as a first home buyer

For example, a couple who divorce and sell their home to separate their finances can each be left with an insufficient deposit to purchase a new home.

Asset caps for second chancers

Asset caps apply for second chancers.

Consistent with the KiwiSaver HomeStart grant, a second chancer must not have realisable assets totalling more than:

RegionRegional asset cap
Auckland and Queenstown Lakes District $120,000
Hamilton City, Tauranga City, Western Bay of Plenty District, Kapiti Coast District, Porirua City, Upper Hutt City, Hutt City, Wellington City, Tasman District, Nelson City, Waimakariri District, Christchurch City, Selwyn District $100,000
Rest of New Zealand $80,000

Realisable assets are cash savings or belongings that can be sold to help buy a home (this exclude savings that are locked up in KiwiSaver).

October 1, 2018