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First Home Buyers Grant

Home First Home Buyers Grant
The NZ government provides a “First Home Buyers Grant” which is available for many first home buyers.

This is a non-repayable grant of up to $20,000 per couple, or $10,000 per individual, that can be used towards a home.

What is the HomeStart Grant?

If you’re interested in getting the Grant, we can link you to how to apply for it at Kainga Ora.

The Grant is largely targeted towards lower priced properties to help families get a head start on the property ladder.

At the time of writing, in the last 12 months before applying, you must have earned either:
– $95,000 or less for an individual buyer
– $150,000 or less if you have dependents/children
– $150,000 or less if there are two or more buyers, regardless of number of dependents.

When you apply you will be able to understand other terms and conditions.

Do you have to pay back the grant?

No. The grant is essentially a “gift” from the government, so you do not normally pay it back.

What kind of property can you buy?

It’s important to read the Grant website for clarification on this. Generally there are limits on how much the house can cost. The grant can be used for different types of houses. The grant is much larger if you are buying a newly built house, so this is why a lot of people prefer to buy newer houses.

Because of the house price limitations, in Auckland you may find you are able to get a small house, a townhouse, or an apartment. Outside of Auckland, you may be able to get a larger house. It does depend.

How do you apply for the Grant?

You should discuss how to do this with a suitably qualified financial adviser. Not all mortgage brokers have experience with the Grant. We have plenty of experience helping first home buyers get the Grant. The paperwork can be complicated, and we are here to help.

The grant is usually administered by Kainga Ora. The application process will also check other factors such as how long you have been in KiwiSaver for, your identity, your income, and other matters. It will also go through their assessment checking process. You still need to apply for a home loan, which is separate to this.

What to do next

Contact us if you’re interested in buying a house with the grant. We are here to make the process easy.


Just Financial is a professional financial adviser service and helps you with buying a home, using your KiwiSaver, insurance and more. Ask us to help you with your financial goals.

  • Home loans
  • Using your KiwiSaver
  • Saving money on your mortgage
  • Refinancing or debt consolidation
  • Low interest rates

  • Life insurance
  • Mortgage protection insurance
  • First home buyers
  • Help when the bank says no
  • Construction loans

Get Help From An Award Winning Financial Adviser

Want to buy a house? Looking for an amazing mortgage broker? Buying a house can be a challenging process. With the right advice, this can be made easy. Just Finance provides a professional mortgage broker service that can help you right throughout New Zealand. From first home buyers, to investors, as well as people who already have a house and want to refinance, there are many ways we help.



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