KiwiBuild gives more New Zealanders the opportunity to buy their own home.
What is KiwiBuild?
KiwiBuild is bringing new, affordable homes to market. A home means something different for everybody, so KiwiBuild homes are being built for a variety of New Zealanders with different needs, at different stages in life.
Is KiwiBuild for me?
To be eligible to buy a KiwiBuild home you must:
- be at least 18 years old
- be a New Zealand Citizen, Permanent Resident or a Resident Visa holder who is ‘ordinarily resident in New Zealand’
- not currently own a home in New Zealand or overseas
- have a pre-tax income from the previous 12 months of:
- $120,000 or less for a single buyer; or
- $180,000 or less combined for two (or more) buyers.
You will also need to commit to living in your KiwiBuild home for a minimum period of time before the home can be rented out or sold:
- at least one year for a studio or one bedroom home
- at least three years for a home with two bedrooms or larger.
If this applies to you, you may be eligible to buy a KiwiBuild home
What kind of homes are available?
KiwiBuild homes range from studio apartments to multi-bedroom townhouses. These new homes are sold at different stages of development and can include:
|Stand-alone homes||A freestanding single residential home that can include a yard or outdoor area.|
|Duplex homes||A duplex (or attached home) is two individual residences that share a wall and can include similar amenities to a stand-alone home.|
|Terraced homes||Terraced homes are several individual residences in a row that are connected on both sides by shared walls.|
|Apartments||A self-contained residential home that is part of a larger multi-storey complex. Apartments can share common amenities such as outdoor areas, fitness or and recreation facilities, garages or car parks, and building security.|
Where are KiwiBuild homes available?
KiwiBuild homes are available in locations across New Zealand, with new developments announced regularly.
You can stay up to date with the latest KiwiBuild developments by subscribing to our mailing list(external link) or you can view KiwiBuild homes available now(external link).
How much do KiwiBuild homes cost?
The price of a KiwiBuild home depends on its size and location. Price caps are used that determine the maximum price that a KiwiBuild home can be sold for.
The current KiwiBuild price caps are:
|Auckland & Queenstown Lakes, studio or one-bedroom||$500,000|
|Auckland & Queenstown Lakes, two-bedrooms||$600,000|
|Auckland & Queenstown Lakes, three-bedrooms||$650,000|
|Rest of New Zealand||$500,000|
In some developments, larger KiwiBuild homes of four or more bedrooms may be available and will be priced accordingly. View available KiwiBuild homes(external link).
For more information, email or call the KiwiBuild team.
Contact centre: 0800 521 107 (9am - 5pm, Monday to Friday)
Page updated: 14 December 2020