First home · the deposit

How far away is the front door key?

Set the place you want, what you're saving, and watch the deposit countdown — KiwiSaver included.

Place you're aiming for$700k

$300k$1.5m

Deposit you want

20% dodges the low-deposit premium, but you can buy with less.

Saved so far

Include any KiwiSaver you can withdraw for your first home.

Saving each week$200

Your pay + KiwiSaver contributions both count toward this.

Where your savings sit

Saving through KiwiSaver? Pick your fund — it sets how fast your deposit grows. Shorter goals usually suit lower-risk funds.

Deposit target (20%)

$140,000

$25,000 saved18% there

At this pace you'll get there in

8 yrs 6mo

Around $10,400 saved a year, growing ~4% p.a. (conservative).

Still to save$115,000

Illustrative estimate in NZD. Your savings are assumed to grow at the indicative return for the fund you pick, while you keep saving the same amount each week. Higher-growth funds can fall in value, so shorter-term first-home savers often choose lower-risk options. It assumes house prices hold steady (if they rise, the target moves too) and ignores the First Home Grant or low-deposit options you might qualify for. General info — not personalised financial advice.