While you still need to apply for KiwiSaver withdrawal directly with your provider, Kāinga Ora will determine whether you qualify for a withdrawal as a previous home owner.

You will need to meet the following criteria:

  • You have not previously withdrawn your KiwiSaver funds to buy a home

  • You have been a member of KiwiSaver for at least three years

  • You have previously owned property, but no longer own any interest/share in property

  • You do not have realisable assets totalling more than 20% of the house price cap for an existing/older property in the area that you are looking to buy in. Kāinga Ora considers the following to be realisable assets:

  • Money in bank accounts (including fixed and term deposits)

  • Shares, stocks and bonds

  • Investments in banks or financial institutions

  • Building society shares

  • Any money paid to, or held by, the real estate agent or solicitor as a deposit on the property

  • A boat or caravan (if the value is over $5,000)

  • Additional vehicles (such as classic motorbikes or cars – not being used as your usual method of transport)

  • Other individual assets valued over $5,000

Start the process with Kāinga Ora.

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