All good if you can get someone who can afford to, and is willing to take the risk of guarantor, but house prices have increased since then.
You only speak for sub-30 year olds, who have a helping hand. That's more of a luck based outcome, than putting in the effort to get on the housing ladder tbh.
The deposit is the hardest part. No point even bringing up student loan repayments, low-interest rate savings, rising rents, and stagnant household incomes.
If house prices in Auckland remain this high, or rise even higher, home ownership rates will drop even further, which removes even more gifted deposits/guarantors.
haha, have tried a huge variety man. I remain so skiny cause I am a seriously god dam fussy eater. I will NOT eat for days if I do not like the food. Did live on peanut butter sandwiches once in the UK for 6 weeks when I had no money as such whilst racing or in between racing over there. Could not afford to pay a morgage and eat as well properly.
Bugger that is right - how the heck does one service a loan like that? Interest only payments and make your gains by the housing market rising ............... circle going on there.
Remember when winning a million dollars in lotto or similar was enough to set you up pretty. Sounds like it gets you into a average area in a average home in Auckland.
I now know why you Auckland buggers can afford new bikes frequently - if you owe $500 k on the house adding another 25 for a bike is peanuts.
[QUOTE=TheDemonLord;1130897590]In the nicest possible - don't presume to speak for Young Kiwis* - because it is doable, as proof - I did it.
Try doing it with out having someone to sign on the line for you.
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