Knowledge Base A to Z
Frequently asked question
Can I use my Kiwisaver to pay the deposit at an auction?
If you are looking at buying a property at auction and you are the highest bidder, you will need an immediate deposit of 10% of the purchase price. Unless you have agreed a variation with the seller to pay the deposit later, you will need to pay the deposit out of your own savings and apply your Kiwisaver first home withdrawal towards the settlement funds.
Talk it through
Not sure how this applies to you?
A free 15-minute call with a property lawyer who only works with first home buyers.