How do I know if I am eligible for a HomeStart grant?

You can only receive the HomeStart grant once.

You are only eligible for the grant if you can meet specific conditions determined by Housing New Zealand, including the following:

  • You must have contributed the minimum contribution percentage to a KiwiSaver scheme (or complying fund) for at least three years.

More details:

The minimum percentage of income KiwiSaver members need to contribute is:

        4% between 1 July 2007 and 31 March 2009

        2% between 1 April 2009 and 31 March 2012

        3% from 1 April 2013.

This condition applies to everyone applying for the HomeStart grant, even those not legally required to make minimum contributions. This means self-employed KiwiSaver members and beneficiaries will need to contribute the minimum percentage of their income, and non-earners must contribute the minimum percentage of the minimum wage in order to qualify for the grant.

The three year qualification period can be broken up into separate periods. For example, those who take a contributions holiday can still be eligible for the HomeStart grant, as long as the total time spent contributing the minimum rate adds up to three years or more.

  • The property you purchase (house and land combined) must be within the regional house price caps.
  • You must have a deposit that is equal to or in excess of 10% of the purchase price. This can include the KiwiSaver first home withdrawal and HomeStart grant amount you may be eligible for.

See full details on the eligibility criteria for the HomeStart grant on the Housing NZ website and contact them to apply – phone: 0800 801 601.