We know every first home buyer is different, so KiwiBuild homes are designed for New Zealanders at different ages and stages in life.
To be eligible to buy a KiwiBuild home you will need to:
- be at least 18 years old
- be a New Zealand Citizen, Permanent Resident or a Resident Visa holder who is ‘ordinarily resident in New Zealand’
- be a first-home buyer or ‘second chancer’
- have an annual income that is less than $120,000 if you are intending to buy on your own
- have a combined income that is less than $180,000 if you are intending to buy with more than one person
- intend to own and live in the home for at least 3 years.
You may also be eligible as a ‘second chancer’ if you are a previous home owner but you no longer own a home.
You must meet all other KiwiBuild criteria and the combined total of your realisable assets cannot add up to more than:
- $120,000 for applicants who want to buy a KiwiBuild home in Auckland or Queenstown-Lakes District
- $100,000 for applicants who want to buy a KiwiBuild home in Hamilton City, Tauranga City, Western Bay of Plenty District, Kapiti Coast District, Porirua City, Upper Hutt City, Hutt City, Wellington City, Nelson City, Tasman District, Waimakariri District, Christchurch City, or Selwyn District
- $80,000 for applicants who want to buy a KiwiBuild home in the rest of New Zealand.
Realisable assets are belongings (in both New Zealand and overseas) that you can sell to help buy a home. Your KiwiSaver funds do not count as realisable assets, even if you want to use that money to help purchase your KiwiBuild home.
You can find out more by reading our Eligibility Criteria Guide [PDF 105KB].