What is the First Home Grant?
The First Home Grant is a government scheme administered by Kāinga Ora — not a loan. You never have to repay it. It's designed to help first-home buyers who have been contributing to KiwiSaver for at least three years.
Grant Amounts (2026)
- Existing home: Up to $10,000 ($5,000 per person for two or more eligible buyers, or $5,000 if buying solo with a $10,000 max for couples)
- New build: Up to $20,000 ($10,000 per person for two or more eligible buyers, or $10,000 if buying solo)
Eligibility Criteria
KiwiSaver Requirements
- You must have been contributing to KiwiSaver for at least 3 years
- The 3 years do not need to be consecutive
Income Cap (per person, before tax)
- 1 buyer: Annual income must be $95,000 or less
- 2 or more buyers: Combined annual income must be $150,000 or less
House Price Caps
The property you're buying must be under the regional price cap. Common examples (2026):
- Auckland: $875,000 (existing) / $925,000 (new build)
- Wellington: $750,000 (existing) / $850,000 (new build)
- Christchurch: $600,000 (existing) / $700,000 (new build)
- Tauranga: $750,000 (existing) / $850,000 (new build)
- Hamilton: $650,000 (existing) / $750,000 (new build)
- Dunedin: $550,000 (existing) / $650,000 (new build)
- Rest of NZ: $500,000–$600,000 depending on region
Deposit Requirement
- You must have a minimum 5% deposit of the purchase price
- The grant can form part of your deposit
Occupation Requirement
- You must intend to live in the home for at least 6 months
- Investment properties do not qualify
How to Apply
- Check your eligibility using Kāinga Ora's online tool
- Fill out the First Home Grant application form (available through your KiwiSaver provider or Kāinga Ora)
- Once approved, you have 6 months to find a property and settle
- Your solicitor will finalise the grant at settlement
Key Tips
- The grant is not automatically issued — you must apply
- You can use the grant alongside KiwiSaver withdrawal and First Home Partner
- If you've previously owned a home, you likely won't qualify (with limited exceptions)