Your Current Scenario
A clear snapshot of your starting point
Embarking on
your property buying journey in New Zealand is exciting, and getting your
finances in order is key to achieving your goal. Whether you're a first-home buyer or
looking to invest, understanding your price range, repayment options and
timelines is crucial to your success.
If you are logged in the data you have provided in your profile will populate here to form your buyer story. With a buyer
deposit of register to display, which you have indicated in your user profile,
you are well on your way to securing a home within your desired price range.
You've also indicated that you're looking for properties priced between register to display and register to display, which is a great starting point for narrowing down your options. Many of the steps that follow will help narrow down the options for finance and other choices, so knowingly taking the first step with deciding your deposit and buying price range, is great.
It is important
to consider how you will manage your mortgage repayments by selecting a repayment
plan that aligns with your financial situation. In your profile you have said that your preferred repayment frequency is register to display, which will give you a
clear picture of your monthly commitments and help in budgeting for your new
home.
Another key
aspect to think about is whether or not you'll use your KiwiSaver balance for
your purchase. Using your KiwiSaver can significantly boost your purchasing power,
especially if you're a first-time buyer. As you have said register to display to using your KiwiSaver balance for this property purchase, it would be good to map out your retirement goals using the KiwiSaver calculator when you get through settlement.
It is helpful
to set a timeline for your property purchase to time box the process, and to make sure you can take advantage of optimal times to buy and view properties. You have indicated that you are looking to purchase by register to display, and move into your property no later than register to display.
By carefully considering these elements you're not just dreaming about a new home but actively taking steps to make it a reality.
