Five Percent Deposits In New Zealand
A 20% deposit has become the “default” story of buying a home in New Zealand, but it is not the only path. We get straight to the question landing in our inbox: do 5% deposit home loans still happen, and can you realistically use low deposit lending to buy your first home without waiting years? We explain what “low deposit” actually means, why the goalposts shift when house prices move, and how a 5% deposit changes the maths for buyers who are sick of paying rent and watching the market.
We dig into the Kāinga Ora First Home Loan, including the income caps (single up to $95,000, couples and…
The skinny
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