Kainga Ora offer New Zealanders some great initiatives to get Kiwis into their first home, including low deposit and shared ownership options. Below is a link to the Kainga Ora Home Ownership page, which outlines the options that may be available to you.

https://kaingaora.govt.nz/home-ownership/

You will need to create your own Kainga ora login for any application process. This link to their login page can be accessed by clicking here.

Now a part of Kainga Ora, KiwiBuild is a Government initiative aimed at providing better access to quality homes for first home buyers. Properties available through KiwiBuild may qualify for their ballot option, allowing a certain number of buyers to buy a property at a set price rather than the stress and uncertainty of buying at auction.

As an aspiring first home buyer it’s important that you be aware of buying opportunities available through KiwiBuild. Below is a link to the KiwiBuild website….

https://kiwibuild.govt.nz/

It’s useful to keep an eye on what mortgage rates are, and whether they are trending up or down. We recommend the website interest.co.nz as a great source of information on what money markets are doing. Below is a link to their mortgage page….

https://www.interest.co.nz/borrowing

Outside Kainga Ora, here are a list of companies that offer Shared Equity schemes in New Zealand….

YouOwn   YouOwn is a New Zealand based provider of Shared Equity mortgages, for homes anywhere in Aotearoa.

A big differentiator is the fact that YouOwn does not have a salary cap restriction, so if your income is above the threshold of other providers then you may still qualify for a Shared Equity mortgage. Also, you aren’t restricted to new or recent builds; as long as the home is not monoclad and meets local council standards.

www.youown.co.nz

Housing Foundation   The Housing Foundation is a charitable trust set up in 2001, and offers affordable, shared home ownership options to low-income families throughout New Zealand.

The current combined income threshold to qualify for a home through Housing Foundation is between $85000 – $115000 (although this can be looked at if you have a large or extended family). For more information, head to their website …. https://www.nzhf.org/

Looking at purchasing a home with extended family, friends or someone else you know and trust?

Slice – www.slicetobuy.com are specialists in helping people through the buying process using the co-ownership model.