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Buying your first home using your KiwiSaver savings

If you've already built up some savings in KiwiSaver, then great news, you're on your way to getting into your first home faster.

How KiwiSaver could help you into your first home

KiwiSaver is helping an increasing number of people buy their first home. At ANZ, last year we helped over 10,000 New Zealanders to use their KiwiSaver savings to get into their first home.

There are two ways KiwiSaver can help:

  1. Withdrawing KiwiSaver savings for your first home
  2. First Home grant

Below you’ll find a summary of each option – for full details, including an overview of the home buying process, check out our handy guide.

Withdrawing KiwiSaver savings

Withdrawing KiwiSaver savings for your first home

If you’ve been a member of a KiwiSaver scheme and/or complying superannuation fund for at least three years, you may be able to withdraw your KiwiSaver savings (except for $1,000 and any amount you may have transferred from an Australian complying superannuation scheme) to put towards buying your first home, or land to build your first home on.

You must also:

  • Have not owned a home or land before
  • Be buying a home or land in New Zealand
  • Intend to live in the home or on the land you’re buying

It’s quick and easy to apply - just complete our simple online form and we’ll be in touch.

First Home grant

If you’ve been a member of a KiwiSaver scheme and/or complying superannuation fund for at least three years, you may be eligible for a First Home grant of up to $5,000 (for an existing home) or $10,000 (for a new build) from Kāinga Ora – Homes and Communities (previously known as Housing New Zealand).

To find out more and apply, visit the Kāinga Ora website.

First Home grant diagram

How to apply

How to apply to use your KiwiSaver account to buy your first home

We've put together a handy guide, which breaks down the home buying process into easy-to-understand steps.

When you're ready to take the next step, you can use this online form to request your KiwiSaver first home withdrawal pre-approval letter. Along with your letter, you'll also receive an application form.

Or you can just download a copy of the application form now.

How else can ANZ help?

ANZ can help you when you’re ready to buy your first home. Whether you’re looking for information about buying your first home, or you’re ready to apply for a home loan now, you’ll find everything you need on the ANZ Home Loans section of the website.

ANZ Buy Ready offers you access to a comprehensive set of tools and resources that will help you right through the home buying process to make sure you’re ready to act when the right property comes along.

Even if you don’t have your full deposit ready, you can get started with the application process and one of our home loan experts can help you through the home buying journey. There are plenty of ways to get started:

• Start the home loan process online 
• Call us on 0800 269 4663
• Talk to an ANZ Mobile Mortgage Manager 
• Come into a branch near you.
• Apply online

For further information, please see the relevant guide and product disclosure statement:

The guide and product disclosure statements are available by calling 0800 736 034. The ANZ KiwiSaver Scheme guide and product disclosure statement are also available from any ANZ branch.

Issuer and manager: ANZ New Zealand Investments Limited (‘ANZ Investments’) is the issuer and manager of the ANZ KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme.

Investments are not deposits in ANZ Group: Investments in the ANZ KiwiSaver Scheme or the ANZ Default KiwiSaver Scheme are not deposits in ANZ Bank New Zealand Limited,  Australia and New Zealand Banking Group Limited, or their subsidiaries (together 'ANZ Group'), nor are they liabilities of ANZ Group. ANZ Group does not stand behind or guarantee ANZ Investments. Investments are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group will not be liable to you for the capital value or performance of your investment.

No guarantee: Investments in the ANZ KiwiSaver Scheme and ANZ Default KiwiSaver Scheme are not guaranteed by ANZ Group, any of its directors, or any other person.

For information only: This website has been provided for information purposes only and is subject to change. The content of this website is intended to be of a general nature and does not take into account an investor’s, or potential investor’s, financial situation, investment objectives, or risk tolerance.

Not investment advice: This website is not intended to constitute, does not constitute, and should not be construed as constituting, investment advice nor is it a substitute for commercial judgment or other professional advice. Investors, or potential investors, should: (i) conduct independent due diligence on any investments; and (ii) obtain independent investment and professional advice, including tax advice, prior to acting in reliance on this website.

For specific investors only: This website is intended for investors who understand the investment risks referred to on it. Some, or all, of the investments mentioned on this website may not be suitable for certain investors. Investors, or potential investors, should consider whether: (i) an investment is appropriate for their risk profile; and (ii) they will meet the suitability requirements relating to those types of investments.

Speak to a financial adviser: This website is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult a financial adviser, please call us on 0800 269 238 and we will provide you with the contact details for a financial adviser in your area. A financial adviser will, on request and free of charge, provide you with his or her disclosure statement prepared under the Financial Advisers Act 2008.

Past performance: Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.

How performance is calculated: Except for in the quarterly KiwiSaver fund updates (in which investment performance is calculated after fees and at a 28% prescribed investor rate), performance is after annual fund charges, and before tax and membership fees. The funds in respect of products mentioned on this website are portfolio investment entities (PIEs). Performance for funds operating before they became PIEs on 1 October 2007 has been recalculated to be on the same (pre-tax) basis. Returns for all periods longer than 1 year are annualised.

Unit prices: The unit price is calculated in accordance with the applicable governing document (each as amended, added to or replaced) for the ANZ KiwiSaver Scheme and ANZ Default KiwiSaver Scheme. The actual unit price that applies at the time a transaction request is received and accepted may differ from the unit price shown.