Howdy! If it's a personal loan you're after, please note our application processing times will vary during the Easter/Anzac holiday period. Thanks for your patience, and feel free to email with any queries.

Is KiwiBuild for you?

KiwiBuild is a government-led project with a mission to build affordable and comfortable homes for kiwi first home buyers.

They're focusing on areas around New Zealand where prices are getting higher and home ownership is getting lower. If you're keen to take advantage of the opportunity, we can help.

Prefer something you can hold onto? Download our handy advice sheet.

Get a printable KiwiBuild guide

KiwiBuild house

How much will a KiwiBuild home cost?

If you're anywhere in New Zealand other than Auckland or Queenstown, the government has put the price cap at $500,000 including GST for a KiwiBuild home.

It's worth noting that individual prices will be set by the developers, and the actual property price could be anything below these price caps.

However, if you’re in pricey Auckland or Queenstown, the rules are a bit different. In these areas the government has put the following price caps in place:

Number of bedrooms

Price cap (including GST)

One (including studio and one+study)




Three or more


Happy first home buyers

Do you fit the bill for a KiwiBuild home?

The purpose of this whole initiative is to give first home buyers a chance to get a foot onto the first rung of the property ladder. (Goodness knows it's been tough out there). So to get a piece of the pie, there's some strict criteria you need to fulfil to be considered for one of these. You must fit the following description:

  • A first home buyer
  • Permanent resident or citizen of New Zealand
  • Your income must be below $120k for singles, or $180k total for a joint purchase.
  • Intend to live in and remain being the owner of the home for at least 3 years

You'll need to be pre-approved for a mortgage before you can apply for a KiwiBuild home. We can help with this.

What about if you’ve owned a home before but don’t any more?

Don't worry, you've been included in this as well. For all you ‘second chancers’, the following asset caps will apply (an asset cap is anything that can be used or sold to put towards a deposit e.g. cars, savings or stuff. KiwiSaver is not counted as an asset):


Regional asset cap



Hamilton City, Tauranga City, Western Bay of Plenty District, Kapiti Coast District, Porirua City, Upper Hutt City, Hutt City, Wellington City, Tasman District, Nelson City, Waimakariri District, Christchurch City, Selwyn District, Queenstown Lakes District


Rest of New Zealand


How do I find out if there are any KiwiBuild homes I might be interested in?

It's easy! There's an online form that you can fill out to get notified of KiwiBuild projects as they become available, so that you can check out if you’d like to live there:

House target - couch

Why choose Squirrel for your mortgage?

Where does a mortgage broker come into this and why use Squirrel?

Simplify the process

It might seem like a minefield of jargon but it doesn’t have to be. We'll navigate you through it without confusing you with big fancy words.

Advice you can trust

It's a big bad world out there, full of tycoons and suits. We're rooting for you to get into your home and because our expert advisers are on salaries, not commission, the advice you're getting is unbiased and reliable.

Save money

Having the right home loan solution is the easiest money you'll ever make. We'll get you a sharp rate and then structure the repayments in a way that's suited to your life and any future plans.

We're tight with all the banks

Not all banks are created equal. Luckily we know them all inside out so we can help you make an informed decision.

Keen to get the ball rolling? Apply for pre-approval for your home loan