KiwiSaver first-home withdrawal for previous home owners

Published: 1 August 2016

Eligibility checklist


As a previous home owner you may still be eligible for a first-home withdrawal. You will still have to apply through your scheme provider. However, first Housing New Zealand needs to determine whether you are eligible as a previous home owner.

Run through the checklist below to see if you qualify:

  • I have not received the KiwiSaver first-home withdrawal before

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

  • I have previously owned a home, but no longer have an interest/share in a property

  • I do not have realisable assets totalling more than 20 percent of the house price cap for existing/older properties for the area I am buying in. Realisable assets are belongings that you can sell to help buy a home. For example, if you were buying a home in the $400,000 house price cap area, your realisable assets cannot be worth more than $80,000. Housing New Zealand 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 a home

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

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

    • other individual assets valued over $5,000

To get Housing New Zealand to determine whether you are eligible, complete an application form(external link)


If you also want to apply for a KiwiSaver HomeStart grant, you will need to complete a separate application form for this.


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