SM Property’s guide to

The Kāinga Ora First Home Partner Scheme

So you want to buy your first home but between your deposit and a home loan, you don’t quite have enough to bridge the gap. First Home Partner may be able to help you get your foot on the property ladder.

What is the First Home Partner Scheme?

First Home Partner is a new shared ownership scheme by Kāinga Ora created especially to help first home buyers bridge the gap between what they can afford and the dream of homeownership.

Whether it’s a new build, off-plan or existing home, if you have a 5% deposit or more, Kāinga Ora will help you out with up to 25%, or 200k towards the cost of your new home.

The rest of the money is source through traditional methods, with a mortgage.

Once you settle on a property, you then have up to 25 years to buy back Kāinga Ora’s share of your property.

SM Property’s guide to

What you need to know

The contribution

You could get an equity contribution from Kāinga Ora of up to 25% of the purchase price or $200,000 – whichever is lower.

Income Requirements

In the 12 months before you apply, you must have earned:

a total household income before tax of no more than $150,000


If you are eligible, you will be required to enter into a Shared Ownership Agreement. Effectively, Kāinga Ora owns a share of the property with you (as tenants in common) in proportion to their contribution to the purchase price.

What’s in the guide?

In this free e-book, we’ll break down:

  • What the First Home Partner scheme is, and how it works
  • What you need to be eligible
  • An overview of the process and how to get started
  • The types of homes available to buy
  • How much you can borrow
  • The loan duration
  • What’s in the fine-print

Fill in the form to download the guide

Think the First Home Partner Scheme could help you?

Download your free guide today.