First Home Buyers Club Blog

Legal Toolkit: Do I need a Contracting out Agreement or a Property Sharing Agreement?

The team at Schnauer & Co's have put together a resource toolkit to highlight some of the common misconceptions that some first home buyers have and provide you with tips on how to avoid some easy mistakes when buying your first home. Our expert tips will be presented over six easy to read articles, and they are all designed to help you achieve your goal of homeownership in NZ. 

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All you need to know about KiwiBuild

Launched in 2017, KiwiBuild set out with an ambitious goal of delivering 100,000 affordable homes for first home buyers. Since its inception, the program has encountered challenges and its critics along the way. However, there have been noteworthy positive changes made to the KiwiBuild initiative, which this article aims to cover comprehensively. This article will provide you with all the essential information you need to know about KiwiBuild and its current status. 

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How much deposit do I need as a First Home Buyer?

DISCLAIMER:  This information is not intended as financial advice or a recommendation. It does not take into account your individual needs or financial situation. We recommend you always seek independent legal and financial advice.

There’s a misconception that having at least a 20% deposit is the only option for a First Home Buyer. Whereas, the amount of deposit needed to buy a house in New Zealand can be from as low as 5% ... enabling First Home Buyers to pursue their dream of owning a property by using low deposit home loans.

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Interest Rates 2023 … the effect on first-home buyers

Whether you’re a first home buyer or already a property owner, we’ve all been nervously watching interest rates continue to rise through 2023. And now with last week’s OCR rise of another 50 basis points … if only we had a crystal ball to know the impact this is going to have on home loan interest rates going forward, and whether it’s a good time for first-home buyers to dive into the property market.

This article was written April 2023.

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5 Tips for your first home search

Buying a home is a major milestone in anyone's life and the process of finding the right one can be overwhelming. Once you've arranged your pre-approval, know your budget, and have your home deposit ready, now the really exciting part begins ... it’s time to start house hunting!

Here are 5 tips to help make your home search a success.

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7 Tips To Help You Save For Your First Home Deposit

We understand that saving for a deposit can be one of the biggest hurdles for first home buyers, and that's why The First Home Buyers Club is here to lend a helping hand.

First things first though, you need to have an idea of how much money you spend weekly as well as how much you need to save for your first home deposit. Having a specific target to work towards will help keep you motivated and focused. Pick a number, set a timeframe, and then get busy saving!  

We’d like to share with you some ways you can make saving easier and hopefully reach your savings target quicker than you expected!

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3 tips for buying your first home this year

No doubt 2023 is set to be another interesting year for first home buyers seeking to get into their first home.  Generally experts are predicting that the subdued housing market conditions are likely to continue.  Our suggestion for first home buyers is to work on areas that help them get closer to being ready for a home loan pre-approval.

So here are our 3 tips to help you get closer to your goal of owning your first home:

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Kainga Ora First Home Partner Program

Lesley Harris our media director, is driven by making a difference to provide first home buyers with one place to find tools, information and advice to assist first home buyers in the property market. She is passionate about giving back to New Zealand and using her voice to pave the way for a more positive future for our children. Lesley had the opportunity to sit down with Martha Williams from Kainga Ora recently and found out more about the new  First Home Partner program. This is a fantastic option to help first home buyers into their first homes and well worth finding out more.


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