KiwiBuild Pre-Qualification & Eligibility

KiwiBuild Pre-Qualification & Eligibility

Thank you for registering your interest in KiwiBuild. Thousands of Kiwis want to buy an affordable home of their own and you will soon be able to take the next step towards buying a KiwiBuild home. Before you can enter a KiwiBuild ballot for your chosen home, you need to ‘pre-qualify’ to show you are eligible and able to buy a KiwiBuild home.

Remember, to be eligible you need to:

• be a first-time buyer or a ‘second chancer’ – that’s someone who no longer owns a home and meets the asset test that applies to the KiwiSaver HomeStart grant
• have a household income less than $120,000 for a single applicant, or no more than $180,000 for more than one purchaser
• be a New Zealand permanent resident or citizen, or ordinarily resident
• intend to live in the home for a minimum period of three years.

If you believe you meet the eligibility criteria, you will shortly be able to move to the ‘pre-qualification’ stage. KiwiBuild’s online pre-qualification system will open early next month. The secure site will ask you for some information and you’ll need to submit supporting documentation.

This includes:

• a copy of your passport or citizenship/residency documentation
• proof of income from Inland Revenue
• proof of finance e.g. an approved mortgage application
• a signed Statutory Declaration that you will abide by the KiwiBuild rules (i.e. you intend to live in your KiwiBuild home for a minimum of three years, and not rent it out)

There is no rush to complete the qualification phase. You will have plenty of time to get your documentation together to provide us with the information we need before the ballots open for KiwiBuild homes. In the coming months, we’ll let you know about KiwiBuild projects in the regions you specified, and keep you up-to-date on ballots you might like to enter. The first ballot will be in Auckland and we’ll be providing you with more information about that shortly. In the meantime, if you’d like more information about KiwiBuild you can visit the Kiwibuild – Frequently Asked Questions section.