House Deposit Calculator
Free NZ house deposit calculator. Work out how long until you can buy your first home, including your KiwiSaver withdrawal.
House Deposit Calculator
How long until you can buy your first home in NZ?
You need to save
$90,000
At $300/week, that's 5.8 years (including $30,000 KiwiSaver withdrawal)
Most first-home buyers in New Zealand aim for a 20% deposit, though some lenders and the First Home Loan scheme allow less. This calculator shows the deposit you'll need and how long it takes at your savings pace.
Your KiwiSaver can usually be withdrawn for a first home (leaving $1,000 behind), which often covers a big chunk of the deposit — so it's included here. Add the First Home Grant on top if you qualify.
Frequently asked questions
How much deposit do I need to buy a house in NZ?
Typically 20% of the purchase price for the best rates, though First Home Loan (via participating lenders) can allow as little as 5%. This tool defaults to 20% — adjust the slider for your situation.
Can I use my KiwiSaver for a first home deposit?
Yes. If you've been contributing for at least 3 years you can withdraw most of your KiwiSaver for a first home, leaving a minimum of $1,000. Enter your balance to include it in the calculation.
Want this tracked automatically?
Steady connects to your NZ bank and does the maths for you — no spreadsheets, no manual entry.
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