First home buyer stories: from casual browsing to owning a hidden gem in Onehunga

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First home buyer stories: from casual browsing to owning a hidden gem in Onehunga

Today's buyer-friendly environment is turning long-held real estate dreams into reality. Just ask Diana Ahumada.

Charlotte Rosier
AI

AI summary

This first-home buyer story follows Diana Ahumada's journey to owning a home in Onehunga, Auckland. A key strategy was finding a property with a self-contained studio, as the projected rental income significantly boosted their borrowing power.

After losing out on another property, they successfully secured their dream home with a pre-auction offer. Her experience highlights how strategic thinking can turn homeownership dreams into reality in today's buyer-friendly market, even for those starting from scratch.

There hasn't been a better time in recent memory to take that first step onto the property ladder. Right now, across Aotearoa - and particularly in Auckland - market conditions are uniquely aligned in favour of first-home buyers.

For those willing to do their research and take the plunge, today's buyer-friendly environment is turning long-held real estate dreams into reality.

Just ask Diana Ahumada.

Diana and Odin

Seven years after moving to New Zealand from Colombia, Trade Me Marketing Specialist Diana Ahumada turned dreamscrolling into reality - proving that a change in strategy (and a pre-auction offer) can turn open home heartbreak into a dream property.

For many Kiwi, buying a first home can feel like a distant dream, especially when you’re building a life in a new country. But in May, Diana and her partner, Louis officially picked up the keys to their character-filled sanctuary on the border of Onehunga and Royal Oak in Auckland.

We sat down with Diana to uncover how a casual "nosey" at an open home sparked a whirlwind journey, how a clever income strategy boosted their bank pre-approval, and why losing out on their first choice turned out to be a blessing in disguise.

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Igniting the dream

While Diana wasn't actively hunting for a home, working at Trade Me Property planted an unexpected seed.

“I was looking at listings all day, and you could say Trade Me literally inspired me!" Diana says. “I had a few saved searches on my phone, but they were purely aspirational - just looking at amazing houses to dream about.'

Everything changed when she and her partner decided to attend an open home in Kingsland just to "have a nosey."

"Walking through that property changed everything," Diana recalls. "Suddenly, the dream felt tangible, and it all became very real."

That single visit was the catalyst. Within days, they stopped idly scrolling and started crunching numbers.

Diana and Louis

Strategy: boosting borrowing power

Buying a large home in Auckland is no small task, especially when catering to a blended family needing space for four kids and multiple bathrooms.

"I was incredibly unsure and doubted the whole process," Diana shares. "Coming from Colombia and building my life here over the last seven years, the idea of a bank loaning us $1.5 million felt completely out of reach."

With help from family to build a solid deposit, their mortgage adviser (Louis's high school mate) offered a game-changing piece of advice: look for properties with a self-contained studio or granny flat.

The broker's tip

Banks often allow prospective buyers to include projected rental income from an independent studio or sleepout on their mortgage application. This added yield directly boosts your servicing capacity, unlocking a higher borrowing threshold.

Facing setbacks

The journey wasn't without its dramatic plot twists. After falling in love with that first Kingsland property, Diana and her partner went to auction confident they’d secure it - especially when no other bidders showed up.

"We made an offer below the asking price, but the sellers turned it down," she says. "Then, the buyers who eventually got it had their finance fall through, giving us a miraculous second chance! We offered again with more money, but another family outbid us at the final hour."

Losing the same house twice over Easter was a tough pill to swallow. But looking back, Diana sees it clearly: missing out pushed them toward a home that was vastly superior.

Louis and Diana's home is bright and airy, with an Odin the cat-approved garden

Finding the perfect home

When a property popped up on the border of Onehunga and Royal Oak, right down the road from Cornwall Park, Diana was initially hesitant about moving further out from central Auckland. But a Saturday open home quickly changed her mind.

"It felt like a hidden gem of a garden right in the middle of Onehunga," she says. "We were completely drawn to the architecture and character. The main home is called 'Maison', and the independent studio is 'Petite Maison'."

It ticked every single box on their list:

  • Four big bedrooms with built-in wardrobes
  • Two full bathrooms
  • Ample parking with three separate entrances and a large lock-up garage
  • An independent studio to provide that crucial extra income
  • A cat-approved, vibrant garden complete with a grapevine ready to bloom for summer

Securing the property

Having learned from their auction experience in Kingsland, the couple decided not to wait for auction day.

Armed with advice from their real estate agent about the less competitive market conditions, they submitted a pre-auction offer. The vendor accepted, the auction was cancelled, and the deal was closed.

The entire timeline moved at lightning speed:

  • May 8th: Bank pre-approval secured
  • May 12th: Pre-auction offer accepted
  • May 29th: Key handover and move-in day!

Capitalising on the Current Market

Diana’s success story isn't an anomaly - it’s a reflection of what's possible right now. The current property landscape is rewarding those buyers who are strategic, prepared, and ready to act.

While the idea of securing a mortgage and house hunting can feel daunting, the reality is that the scales have tipped firmly in favour of those looking to get their foot in the door. With a less frenzied market and more flexible vendors, there is genuine opportunity to negotiate and secure a property that might have previously seemed entirely out of reach.

The buyer's tip

If an auction doesn't hit reserve or ends without registered bidders, the sale isn't dead. It simply changes format. Passing in shifts the power back to negotiation. Set your absolute limit, keep communications professional with the agent, and never be afraid to step away. Vendors who decline an offer on auction day often reconsider once the market goes quiet.

Diana’s advice for first-time buyers

  • Take the leap with the bank: "Don't be afraid to ask the bank or a broker for options! The absolute worst thing they can say is 'no,' and you'll never know where you stand until you put an application forward."
  • Explore multi-income options: "If you’re struggling with servicing limits, look for properties with an existing sleepout, studio, or granny flat. That extra rental income can significantly boost what the bank is willing to lend you."
  • Don't wait for the auction: "In a buyer-friendly market where CVs are lower, don't be afraid to put in a pre-auction offer. If the owner likes your price, they might just sign on the dotted line and take the stress of auction day off the table."
  • Trust the process: "Missing out on a house hurts at the time, but it usually means something much better suited to your lifestyle is right around the corner."

Whether you're just having a "nosey" like Diana did or you're ready to get your pre-approval sorted, your dream property could be closer than you think. Check out the latest listings on Trade Me Property and find your own hidden gem!

Author

Charlotte Rosier Charlotte Rosier

Charlotte is a Communications, PR and Content expert, who believes every home has a story to tell. She loves spaces that break the mould and brim with personality, with a particular weakness for art deco.