Why Consider a New Build as a First Home?

Buying a new build home can be a smart and rewarding choice for first home buyers in New Zealand — especially in growing areas like Auckland. With new developments offering a mix of modern design, energy efficiency, and lower maintenance requirements, more and more first-time buyers are turning to newly built properties to get on the property ladder.

Lower Maintenance and Modern Features

One of the biggest benefits of a new build home is the peace of mind it provides. Everything — from the plumbing to the roof — is brand new and if purchased with a 10-year Master Build Guarantee or equivalent, covers defects in materials and workmanship, including structural defects. You won’t need to worry about hidden repair costs or expensive renovations, which is especially helpful for first-time buyers working with a limited budget.

New builds also include the latest features such as double glazing, heat pumps, insulation, and open-plan layouts that suit modern lifestyles. Many come with brand new appliances and landscaping included, which can reduce move-in costs.

Lower Deposit Options and First Home Loan Eligibility

Many new builds are eligible for lower deposit options, including the First Home Loan and developer-specific purchase schemes. In some cases, you may only need a 5% deposit, helping you buy sooner without the pressure of saving 20% or more.

Because a new build purchase is often off the plans, this gives buyers more time to save, plan, and organise their finances before settlement.

Energy Efficiency and Healthy Home Standards

New homes are built to higher insulation and heating standards, meaning lower power bills and healthier living conditions. If you're comparing a new build to an older home, especially in Auckland’s cooler or damper suburbs, the difference in comfort and running costs can be significant.

Frequently Asked Questions About New Builds

What is a new build property?

A new build is a residential property that has recently been constructed and hasn’t been lived in before. It can be a standalone house, townhouse, apartment, or unit, and is often sold “off the plans” before construction is complete.

What’s the difference between turnkey and construction loans?

With a turnkey property, you pay a 10% deposit upfront and the full balance on completion — no progress payments are required. A construction loan, on the other hand, involves progressive payments as the build progresses. Turnkey options are often more straightforward for first home buyers, while construction loans may offer more flexibility in customisation.

Learn more in our blog: Turnkey vs Construction Loans – What’s Right for You?

Can I use my KiwiSaver to buy a new build?

Yes, you can use your KiwiSaver for both the KiwiSaver First Home Withdrawal — as long as you meet the criteria.

Visit our KiwiSaver guide here

Do I need a bigger deposit for a new build?

No. In fact, as new builds are exempt from Reserve Bank Loan-To-Value Restrictions they can help provide better home loan affordability and you may require a lower deposit. New builds are also eligible for a 5% deposit under the First Home Loan scheme. This can make new builds more accessible than existing homes.

Are there risks in buying off the plans?

Buying off the plans can be a great way to secure a home early, but it’s important to do your due diligence. Risks can include project delays, design changes, or finance approval challenges if property values change before settlement. Working with trusted developers and getting legal and mortgage advice early is key.

How long does it take to build a new home?

Timeframes vary, but most new builds take between 6 to 12 months from consent to completion. Delays can occur due to weather, labour shortages, or material supply issues — especially in high-demand areas like Auckland.

Do I still need a building inspection?

Yes. Even though new builds must comply with the Building Code, it’s wise to get a pre-settlement inspection or engage a qualified inspector to ensure everything has been completed to a satisfactory standard before moving in.

Can I make changes to the design?

This depends on the developer and the stage of construction. In many cases, early buyers can select finishes (like carpet, paint, or benchtops) or request layout changes. However, turnkey homes often come with fixed specifications and limited customisation.

Are new builds more expensive?

Not always. While new builds can have a higher price per square metre, they often include features that would cost extra in an existing home — like insulation, modern appliances, and landscaping. When you factor in lower maintenance and running costs, they can offer good value.

Expert Tips for Comparing Developments

With so many new housing developments springing up across Auckland, it can be tricky to know which one is right for you. While glossy brochures and staged show homes can all look impressive, it’s important to look beyond the surface when comparing options. Here are some expert tips to help first home buyers make a confident, well-informed decision.

1. Check the Developer’s Track Record

Start by researching the developer’s reputation. Have they completed similar projects before? Look for reviews, previous developments, and whether their builds have stood the test of time. A reputable developer should have a history of delivering quality homes on time and to code.

2. Compare Inclusions — Not Just Price

A lower price point might look appealing, but make sure you're comparing like for like. Some developments offer generous turnkey packages that include appliances, fencing, landscaping, and even driveways — while others may charge extra for these. Always ask for a full list of inclusions so you can properly evaluate value for money.

3. Understand the Location’s Long-Term Potential

Look into the surrounding area. Are there plans for new schools, transport links, or shopping centres? Developments in growth zones often offer stronger long-term capital gains. Don’t just look at what’s there now — consider what the area will look like in 5–10 years.

4. Check Building Materials and Specifications

Not all new builds are created equal. Ask what cladding, insulation, and windows are being used. Will the home meet or exceed the Healthy Homes Standards? Look for double glazing, energy-efficient heating, and ventilation systems that improve comfort and reduce long-term costs.

5. Visit Multiple Show Homes

Photos online don’t always tell the full story. If possible, visit a range of show homes or recently completed properties by the same developer. This will give you a clearer sense of build quality, room sizes, and finishings in real life.

6. Understand Your Finance Options

Some developments are more lender-friendly than others — especially when it comes to construction loans or off-the-plans purchases. Work with a mortgage adviser early on to check if the property is eligible for the First Home Loan, and whether your deposit will be enough to secure finance.

7. Get Independent Legal Advice Before You Sign

Whether you're buying a turnkey home or off the plans, always have a property lawyer review the sale and purchase agreement. Make sure you're aware of any sunset clauses, price escalation clauses, or developer conditions that may impact your purchase.