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10 tips for growing your deposit.

Saving for a deposit can take a while but there are a number of things you can do to grow your deposit faster.

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Countdown to your new home.

Read our top tips for growing your savings as quickly as possible, so you can get started with looking for your first home. Plus, use the online calculators to work out what you can afford.

1

Do the maths

Work out how much you need to save to reach your goal. Our calculators can help you figure out what you might be able to borrow and how much your home loan repayments could be.
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2

Low deposit options

After you've crunched the numbers, if you don't think you'll have a deposit of 20% of the value of the property there are other low deposit options that you could be eligible for.
See your options
3

KiwiSaver

If you're eligible, you can use most of your KiwiSaver¹ towards a deposit on your first home. Make sure to check how much you're contributing into your KiwiSaver and what fund you're in so it's working hard for you and your goals.
Learn more
4

Specialised savings package

HomeSaver is designed to help fast track your savings for your first home deposit².
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5

Other savings options

Depending on your home buying plans, we also have a range of other savings options that offer flexibility and competitive interest rates.
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6

Westpac Salary Splitter

If you choose to create a Salary Splitter, it will automatically split your salary into different accounts, keeping savings separate from spending money. It's an easy, set-and-forget way to put a bit extra aside every payday.
Learn more
7

Monitor spending in real time

Every little bit counts. CashNav, our money management app, shows where you're spending your money, so you can work out where you could trim your outgoings.
Learn more
8

Text alert

Switching alerts on in Westpac One® online banking helps you avoid going over your budget.
Learn more
9

Save on fees

Make sure you're not paying more than you need to by choosing the right accounts for you.
Learn more
10

Managing Your Money videos

These quick videos give expert advice on budgeting, saving for a deposit, working out how much you could afford and setting your home buying goals.
Watch tutorials

Calculators.

Find the best option for you with our home loan calculators.
See all calculators and resources

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Get in touch.

Meet with an expert

Our Mobile Mortgage Managers can come to you, when it suits you best.

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Talk to us

Call us from 8am to 6pm Monday to Friday, 9am to 3pm Saturday.

Call 0800 177 277

Visit us

Make an appointment to talk to a home loan expert in branch.

Find your nearest branch

Apply online.

Our home loan online application form is temporarily unavailable. We apologise for this inconvenience, however, you can still apply for a home loan through a Mobile Mortgage Manager, calling us on 0800 177 277, or making an appointment at your nearest branch.

Things you should know.

1 The information above is subject to changes in government policy and law, and changes to the Westpac KiwiSaver Scheme, from time to time.

2 Westpac HomeSaver Terms and Conditions apply. For more details, refer to  https://www.westpac.co.nz/homesaver/.

Westpac's eligibility criteria, home loan lending criteria, terms and conditions apply. An establishment fee may apply. A low equity margin may apply.