To be eligible for the first home deposit subsidy, you must:
• have contributed at least 2% of your income to a KiwiSaver scheme, or a complying superannuation scheme, for at least 3 years
• be buying your first home*
• be planning to live in the house for at least 6 months.
Income and house price caps will apply.
* If you've owned a home before, in some circumstances you may still be eligible for the first home deposit subsidy. Housing New Zealand will need to determine that you are in the same financial position as a first home buyer.