How much KiwiSaver do I need to buy a house in New Zealand?

Short answer: At least 3 years of contributions. No fixed dollar amount, but more is better.

What this actually means in plain English

You need at least 3 years of contributions to withdraw your KiwiSaver for a first home. Most lenders want to see you have been contributing consistently. There is no fixed dollar amount, but the more you have, the smaller your mortgage will be.

Key Facts

You must have been in KiwiSaver for 3 years minimum
You can withdraw most of your balance (leave $1,000 behind)
Employer and government contributions count toward your total

Example

Monthly Contribution: $200

Employer Match: $150

Government Contribution: $521/year

After Three Years: ~$13,563

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