So it's impossible to buy a house in this market? We've got some ideas

There's been a lot of news lately around the struggles of today's property market, particularly for first home buyers. Our opinion? It's hard, but it's not impossible. Instead of waging a war between the generations, we wanted to come up with a scenario showing one way you can make home ownership happen.


A couple aged 30 have been in KiwiSaver for 5 years, contributing 4% with a joint income of $130k, which makes them eligible for the KiwiSaver HomeStart grant.

With a new build, and a price cap of $650,000 the couple can access their KiwiSaver savings which would total $45,600 (assuming no returns on your investment) including employer contributions, over the 5 years.

When building or purchasing a new home (or land), the KiwiSaver HomeStart grant offers $2,000 per year of membership for each member (up to a maximum of $10,000 per member), giving the couple in this scenario an additional $20,000 total towards their deposit.

Sure, a new build in Auckland for $650k means you're not going to be waking up to a view of Takapuna beach, but you can achieve a first step on the property ladder, even if it requires some discipline and hard work.

If you'd like to chat about your personal situation and how we can help get you there, contact us to get in touch with a mortgage adviser.


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