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 survey shows most young Kiwis (82%) still aim for home ownership, valuing the freedom and stability it provides.

Funding strategies are evolving, with many using:

- KiwiSaver (planned by 79% of future buyers)

- Smaller deposits (15% or less)

- Government schemes like First Home Loans

To get on the ladder, buyers are open to compromises like smaller homes or shared ownership. Key first steps include checking your KiwiSaver and speaking with a mortgage adviser.

Can I still buy a home?

Why bother when renting is easier?

How are other first home buyers funding it?

What would I have to give up?

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Gavin Lloyd
Trade Me Property Customer Director

Where do I start?

Author

Charlotte Rosier Charlotte Rosier