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You have not previously withdrawn your KiwiSaver funds to buy a home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