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.
Select your stage
Find out the criteria for using KiwiSaver to buy your first home
Ensure you’re in the right fund, and learn how to gather your finances through KiwiSaver and borrowing
How to leave enough time to organise KiwiSaver paperwork before you buy
Learn how your KiwiSaver investment can be used for a deposit or settlement when making an offer on a house
Next steps for your KiwiSaver investment once you’re in your property
Sarah, Kiwi Wealth member from Christchurch
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:
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.