What is the First Home Grant?
Well, we're glad you asked as this could help you get on the property ladder that bit sooner. The First Home Grant, an initiative from Kāinga Ora - Homes and Communities, is a grant for eligible New Zealanders who have been making regular KiwiSaver contributions for at least three years.
How much is the First Home Grant?
The First Home Grant differs depending on how long you've been contributing to KiwiSaver for, and what type of property you're looking to purchase. As of January 2023, the scheme provides between $3,000 - $5,000 depending on how long you've been making KiwiSaver contibutions for. The grant then doubles if you are looking to purchase a new home or land to build your first dream home on!