Budget for deposit, legal fees, LIM and building reports (if required), insurance and moving costs when buying your first home.

Yes, new builds often come with extra advantages, like lower deposit requirements and exemptions from some lending restrictions. Talk to your bank or lending adviser for more information specific to your personal situation.

Some lenders allow a 5% deposit for new builds. Talk to your lending adviser for details and to understand if you are eligible for low deposit approval.

Yes, KiwiSaver can be used for the deposit on eligible first homes, including new build townhouses, if you have been a member of KiwiSaver for at least 3 years. This option is available to you if you intend to live in the property, and cannot be used to buy an investment property. If you are a previous home owner, you will need to apply through your scheme provider.

Yes – they're often more affordable, easy to look after, and designed for modern living. They're also often located within progressive communities, close to amenities.

In New Zealand, first home buyers typically need a deposit of at least 20% of the property’s purchase price, however there are low deposit options available to buy with a small deposit. Our team can help you understand your options, and encourage you to seek advice from a mortgage adviser who can help you find the best options for you, depending on your personal circumstances.