A BIGGER PICTURE FOR NEW ZEALAND
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FINANCIAL TOOLS / Home & lending

First-home deposit

See when your savings could meet a deposit target that moves with house prices.

Make it your own

Start with an example, then change any value. Enter 0 for none; a blank field cannot be calculated. All money amounts are NZD.

Your entries stay in this calculator. They are not saved or sent anywhere.

Your estimate

Estimated time to your deposit

5 years 1 month

Your savings meet the moving deposit target at this point under the assumptions entered; this is not a loan approval. The chart shows savings, not the deposit target.

Deposit needed today
$150,000.00
Shortfall today
$120,000.00
Deposit needed when reached
$166,038.11
Savings when reached
$166,552.28
Illustrative amounts over time, in NZDYear 0: $30,000.00. Year 6: $193,467.00. All chart values are available in the expandable text list below.$193.5K$0Year 0Year 6
Illustrative amounts in NZD. Engine-provided chart points may be rounded to whole dollars; headline figures use the engine’s summary precision.
View all chart values
Year 0
$30,000.00
Year 1
$55,245.00
Year 2
$81,258.00
Year 3
$108,063.00
Year 4
$135,682.00
Year 5
$164,142.00
Year 6
$193,467.00

What this estimate assumes

  • Both savings returns and house-price growth use nominal annual rates divided by 12, compounded monthly. Savings are added at month end.
  • The target deposit remains the same percentage of the changing property price. A target may not be reached within the selected horizon.
  • Enter a savings return already net of tax and fees. KiwiSaver withdrawals, grants, buying costs and lender eligibility are not assessed.

For information only, not financial advice. These simplified estimates do not consider your full circumstances. Assumed rates are not forecasts or guaranteed returns. Talk to a financial adviser before making financial decisions.

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