Average asking prices have more than doubled nationally and in 10 of 19 regions in the last decade, according to the latest data from realestate.co.nz. For homeowners who have not (theoretically) doubled their money, most have seen average asking prices in their regions get close, with more than 90% increases.
So you’ve decided to buy your first home - congratulations! Now that you’ve made the decision to pursue your dream of homeownership in New Zealand, you might be wondering where to get started. A factor that will play a big part in your home buying journey is getting together your deposit. Your deposit and your income will determine how much you can spend on a property and the size of a loan a lender can offer you. For this reason, it’s important to consider all the ways you can get the funds you need to secure your first home.
