What is the KiwiSaver HomeStart grant?

As well as the first home withdrawal, KiwiSaver members may also qualify for a HomeStart grant from Housing New Zealand.

If you are purchasing an existing home, the grant is $1,000 for each year you have contributed to KiwiSaver, up to a maximum of $5,000. So if you’ve contributed for three years, you could get $3,000; for four years, $4,000; and $5,000 for five years or longer for a single buyer. It's up to $10,000 for two or more buyers.

If you are purchasing a newly built home or a proposed home off plans, the grant is $2,000 for each year you have contributed to KiwiSaver, up to a maximum of $10,000. So if you’ve contributed for three years, you could get $6,000; for four years, $8,000; and $10,000 for five years or longer for a single buyer and up to $20,000 for two or more buyers.