Historical article: the First Home Grant has closed
This article was originally published on 1 July 2022 and describes the rules at that time. The First Home Grant ended in May 2024 and is no longer available. The figures below are historical, not current eligibility criteria.
See the New Zealand Government’s current guidance on financial help for first-home buyers.
Closure information checked against government guidance on 7 September 2026.
Recent changes to the New Zealand First Home Buyers Grant now mean it’s easier than ever to purchase your first home!
The government recently announced that the first home buyers cap has been lifted across the country. This means that more people buying new build homes could be eligible for up to $10,000 per person up to two people equalling $20,000.
See below the updated prices that a new build home must fall under to be eligible for the grant.
Auckland $875,000
previously $700,000
Christchurch $750,000
previously $550,000
Wellington $925,000
previously $650,000
Tauranga $875,000
previously $550,000
Many Williams Corporation homes now fall under the threshold making them in line for the grant.
