Thinking about buying your first home? Here's how young Kiwi are making it happen

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Thinking about buying your first home? Here's how young Kiwi are making it happen

Most young Kiwi still plan to buy. Our research shows how they're funding it and what they'll trade to get there.

Charlotte Rosier
AI

AI summary

A Trade Me Property and TRA survey reveals most young Kiwis (82%) still aim for homeownership. They're funding it with KiwiSaver as the top method, smaller deposits, and government schemes like First Home Loans.

Many are open to compromises like shared ownership, smaller homes, or renovation projects to get on the ladder. Aspiring buyers should review their KiwiSaver, understand deposit options, and decide on their non-negotiables to start their journey.

Trade Me's Gavin Lloyd says the Kiwi dream of home ownership is alive and well

Can I still buy a home?

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Gavin Lloyd
Trade Me Property Customer Director

Why bother when renting is easier?

How are other first home buyers funding it?

What would I have to give up?

Where do I start?

Author

Charlotte Rosier Charlotte Rosier