With Aera, you could afford a house worth:
Your Aera starter fee would be:
Traditionally, houses worth this much would require a 20% deposit of:
You could afford a house worth:
Since we're starting in Auckland with houses (not apartments), that house value is a bit below our target range.
As you continue your savings journey, we'd encourage you to check out Aera Accelerated Savings, which offers higher rates than traditional banks on savings accounts.
Sign up for early access today
You’ll be first in line for the First Home Accelerator and Accelerated Savings products in 2023.
Open your Aera Savings Account
Use Aera for your spending and savings, earn 5%* interest and build towards 2.5% for your home.
Agree on the house you’ll buy
When you’re ready, Aera will have options or criteria for housing (starting in Auckland) to choose from.
Start from 2.5% down
If accepted, you pay a deposit starting from 2.5% of the property value before moving into your home.
Make monthly payments
Similar to renting and saving up a deposit, but lets you get started now in the home you want to own.
Build towards your purchase
Your monthly payments grow your deposit credit in the house to get you mortgage ready over time.
Buy at a locked in price
When mortgage-ready, you buy the house outright. Pay the pre-agreed price locked in at the start, knowing the market can’t run away from you.
A 20% deposit is unattainable for many Kiwis earning a good income. You can only save what is leftover after rent and other expenses, and over the long run the housing market keeps moving away from you, making 20% a bigger and bigger target to hit.
We see an opportunity to work with first home buyers to help accelerate your home ownership journey, using your rent and savings to build ownership in your first home.
Have questions? Visit our FAQ section for answers.
Instead of slowly saving for a 20% deposit while the market runs away from you, we aim to get you into a house and making payments towards ownership as soon as possible.
With Aera, if we know your combined rent and savings each month, we can make an assessment as to your ability to make consistent payments towards ownership of a house.
Aera owns the house while you earn, save, and make monthly payments. Those monthly payments build your deposit credit in the house, until you're able to transfer over to a more traditional mortgage offering. That initial amount is your first step towards home ownership, and each subsequent monthly payment gets you further and further down the path.
Still have questions? Visit our FAQ section for more information.
We’re here to be partners on your savings journey. Our goal with our savings product is to assist with your spending and saving habits, so that you can save for the initial deposit for the First Home Accelerator.
Typical banks make money from customers 'lazy cash' balances by paying out next to no interest on short term everyday accounts. They lend that same money out at much higher rates. If you have lots of money you can access much better rates than if you don't, which we think is unfair.
We’re not a bank, but we are using similar tools as banks and wealth management firms use but instead pass on as much of that difference as possible to everyday Kiwis like you.