So you’ve been dreaming about a place to call your own – one that you can put your own stamp on and grow into over the years.
All that’s standing in the way is … the money honey.
Let’s face it, buying your first home today will involve coming up with a fair chunk of cash. At this stage, it’s all about the numbers! Before going any further, let’s hit pause to find out what you can afford and how you’re going to get there. The good news is, as a first-home buyer there’s help available to boost you onto the property ladder, so be sure to take advantage if you qualify.
Keep reading to get the nitty-gritty on how to use KiwiSaver to buy a house and the first-home withdrawal rules, how much you’ll need to save for a deposit and tips on reaching that 20% sooner (in some cases, 10% might even be enough!).
Step two - finding your first home
Useful tools and products
For people looking to build their deposit
- Financial fitness check - Take a free 5-minute financial fitness check to help make all that complicated money stuff, simple
- AMP KiwiSaver Scheme Join or switch - Joining the AMP KiwiSaver Scheme is easy & only takes 5 minutes
- Fund selector - Find out what AMP KiwiSaver Scheme funds suit you. Whether you’re new to KiwiSaver or a sophisticated investor, we’ve got the right choice for you.
Important informationShow more
AMP Wealth Management New Zealand Limited is the issuer of the AMP KiwiSaver Scheme. For a copy of the AMP KiwiSaver Scheme Product Disclosure Statement or Fund Update Booklet please visit amp.co.nz. The articles / content in this First Home Hunters’ Hub aim to give you a general understanding of the process of buying your first home. The articles don’t take into account your financial knowledge or your actual financial situation.
The information contained within the First Home Hunters’ Hub is not intended to constitute or replace financial or other professional advice. To the extent that the information constitutes advice, it is class advice only. You should consider whether the suggestions offered are appropriate for you before acting on them, and we recommend that you speak to a financial Adviser and read any relevant product information carefully.
For personal financial advice, we recommend you contact your Adviser or if you don't have an Adviser, contact us on 0800 267 263 and we can put you in touch with one. A disclosure statement is available from your Adviser, on request and free of charge.
While care has been taken to supply information in this article that is accurate, none of AMP Services (NZ) Limited or any of its related companies gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission.
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