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Can you use super to buy a home?

When it comes to buying your first home, every dollar counts. That’s why it’s worth knowing about the First Home Super Saver Scheme (FHSS)—a government initiative designed to help first home buyers save faster through their super.

But let’s clear up one common question first...

Can you use your super to buy a home?

Yes—and no.

You can’t access your employer’s super guarantee contributions or your spouse’s contributions to buy a home. But you can make voluntary contributions (up to a limit) into your super and later withdraw them to help with your home deposit—if you're a first home buyer.

 

How the First Home Super Saver Scheme works

The FHSS scheme allows eligible buyers to:

  • Make voluntary contributions (salary sacrifice or personal contributions) into super
  • Withdraw up to $15,000 per financial year, with a lifetime limit of $50,000 (plus earnings)
  • Use the funds towards a home deposit, provided you intend to live in the home for at least 6 of the first 12 months

If you’re buying with a partner who’s also eligible, you can double that—up to $100,000 combined!

 

Who’s eligible?

To use the scheme, you must:

  • Be 18 or older
  • Have never owned property in Australia before (including investment property or vacant land)
  • Not have used the FHSS scheme before
  • Intend to live in the property (not just invest)
  • Be looking to buy/build in the next 12 months

Note: It must be a property or land in Australia, not a mobile home like a caravan or houseboat.

 

Can New Zealanders use KiwiSaver in Australia?

If you’re a Kiwi living in Australia, here’s the deal:

You can’t use KiwiSaver directly to buy property here. But under the Trans-Tasman portability agreement, you may be able to transfer your KiwiSaver into an Australian super fund, and then use those voluntary contributions under the FHSS scheme—just like any eligible Aussie.

It’s a few steps, but it’s doable!

 

More deposit support options

Alongside the FHSS, there are other powerful tools available to first home buyers:

  • First Home Owners Grant – We help eligible buyers use this upfront toward their deposit.
  • MWC $10,000 Deposit Boost – Available when building with us. It’s a gift, not a loan, rebated from our builder commission.
  • Home Guarantee Scheme – Buy with as little as 5% deposit, without needing to pay lenders mortgage insurance (LMI).
  • Family Guarantor – Buy a home with no upfront savings using a guarantor loan structure.

 

Do you qualify?

By combining your super savings with other deposit support options, you could be closer to owning your first home than you think. Use our New Home Pre-Qualifier to see what deposit support you could access today. It’s quick, easy, and gives you a clear path forward.

 

Please note: To get the full details on the FHSS scheme, visit the ATO website here.

Want to know more? Get your hands on our free info pack!

Disclaimer: The articles featured on this website are for general information purposes only and designed to help educate our readers. Any financial decision should be considered wisely with the help of a qualified professional and based on your own personal goals and financial circumstances. Always seek proper advice before committing to any course of financial action. This is information is not to be deemed as advice. View our full disclaimer.