About the ballot
The Shared Equity ballot will be used to issue Pre-Approval Certificates to randomly selected applicants from each of the five regions. A ballot system is being used to ensure all eligible applications have an equal chance of being selected if the number of applications exceed the number of loans available.
The ballot will be held on the last Thursday of each month.
The ballot will randomly select applicants from a list of those eligible for a Shared Equity loan. There is a separate ballot for each of the regions (Auckland, Wellington, Nelson, Christchurch and Queenstown). To be included, complete a Pre-Approval Application form.
If you’re not successful in the first ballot, Housing New Zealand will contact you and automatically enter you in the next two ballots.
If you’re unsuccessful in three ballots, you need to re-apply by completing a new Shared Equity Loan Pre-Approval Application form.
To encourage more people to build affordable first homes, people who want to build their home do not need to go in the ballot.
