If you’re planning on buying your first home in New Zealand in 2025, there’s important news you need to know. The government has updated the First Home Grant Scheme NZ 2025, making it easier for eligible Kiwis to get financial help toward their first property purchase.
These changes are aimed at helping more low- to middle-income families achieve homeownership in a challenging property market.
What Are the Key Updates to the First Home Grant Scheme in 2025?
Here’s what’s new in the housing grant updates NZ:
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Grant amounts increased: Up to $10,000 for existing homes and $20,000 for new builds.
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Income thresholds raised: Single buyers can now earn up to $100,000 per year; couples up to $150,000 combined.
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House price caps adjusted: Limits have been lifted in several major cities to reflect rising property values.
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Simplified application process: Faster online applications with real-time eligibility checks.
These changes are designed to offer greater home buyer support NZ to a broader group of New Zealanders.
Who Is Eligible for the 2025 First Home Grant?
To qualify under the new first home grant scheme NZ 2025 rules, you must:
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Be at least 18 years old.
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Have been contributing to KiwiSaver for at least three years.
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Meet the new income and house price limits.
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Plan to live in the home for at least six months after purchase.
Additional criteria may apply depending on whether you are buying a new build or an existing property.
How to Apply for the Updated First Home Grant
Applying for the grant has never been easier:
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Check your eligibility on the Kāinga Ora website.
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Gather documents such as income statements, KiwiSaver proof, and sale and purchase agreements.
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Submit your application online at least four weeks before settlement.
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Wait for approval and receive your grant payment before your purchase settlement date.
Early application is crucial as processing times can vary.
Conclusion
Buying your first home is one of life’s biggest milestones, and the First Home Grant Scheme can make that dream more attainable. With the 2025 updates in mind, taking advantage of this financial support could significantly ease your journey into homeownership. Stay informed, prepare your application carefully, and take the next step toward securing your future home.
FAQs
What is the maximum grant amount under the updated First Home Grant Scheme?
You can receive up to $10,000 for existing homes or up to $20,000 for new builds under the new housing grant updates NZ.
Can two people apply together for the First Home Grant?
Yes! Couples can apply jointly if they meet the combined buying first home NZ income thresholds.
Does the First Home Grant apply to investment properties?
No, the first home grant scheme NZ 2025 is strictly for owner-occupied properties. You must live in the home for at least six months after purchase.
When should I apply for the grant?
It’s best to apply at least four weeks before settlement to ensure funding is ready in time under the home buyer support NZ guidelines.
Aanchal is a passionate writer with a keen interest in storytelling, content creation, and creative expression. She enjoys exploring diverse topics and crafting engaging narratives that captivate readers.