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Buying your first home with KiwiSaver

A benefit of KiwiSaver is that you may be able to use your KiwiSaver investment to help you buy your first home.

At Kiwi Wealth we get that buying a home is one of the biggest sources of stress in our lives. We’re here to support you to make the most of the journey by:

  1. Helping grow your KiwiSaver investment for your deposit.
  2. Helping to walk you through the first home withdrawal process.

Whether you’re years away from buying a house or about to begin the process, a good place to start is to check which KiwiSaver investment fund might be right for you – the amount of risk you choose can vary depending on when you're planning to buy your house.

If you're not sure what type of property you want to buy for your first home, these five property options for first home buyers might provide some inspiration.

And if you’re already looking, or your first home purchase is imminent, check out our guide below to using KiwiSaver to help you get the keys to your new front door.

Coronavirus market impacts

Due to the impact the coronavirus pandemic is having on the investment markets, KiwiSaver schemes have been impacted.

If the timeframe to buy your first home is still a while away and you selected a fund that meets you risk appetite, we suggest you hold tight. All investments have their highs and their lows, but historically markets have trended upwards and rebounded from crashes. Changing your fund or withdrawing now, means you lock-in losses.

If you still plan to buy a home in a shorter timeframe, within the next 12 months, it may be worth considering your fund choice. Moving your funds to a lower risk fund (like Cash) may be an option to reduce any further significant loss.

Get answers to your KiwiSaver questions here and stay up to date on what Covid-19 means for you in the areas of finance, health and the economy, here.


I recently withdrew my first home withdrawal, I was pleasantly surprised how much had accrued in such a short period of time, in addition everyone I dealt with was knowledgeable efficient and prepared to help me to achieve what I needed - thank you

Sarah, Kiwi Wealth member from Christchurch

Looking for someone to help you through the home buying process?

We know that buying your first home can be a complex and stressful experience. Our sister company Kiwibank has Mobile Mortgage Managers who can come and meet with you to talk through:

  • The home loan process
  • Your financial options
  • Lending criteria

You can contact a Kiwibank Mobile Mortgage Manager directly through Kiwibank. Even if you’re in the early stages of thinking about getting into your first home – they’re with you all the way.

Get in touch

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