How to match first-home buyers with everyday investors
What do you think of the new online NZ platform Levridge aiming to match first-home buyers with everyday investors? Those with money to invest, put up a 20 percent deposit and those who have an income, but don't have enough to pay a deposit, take on the mortgage and live in the house.
After five years, the house can be sold and the two parties split the capital gains 50/50. Amy Wilkes is director of online house-buying platform Levridge.
What it costs To buy or invest
FOR BUYERS
In summary, a first home buyer is likely to have upfront fees of approx. $3,000-$4,000.
FOR INVESTORS
In summary, as an investor you will need to have sufficient capital to invest 20% of the value of the property, plus upfront fees of approx. $10,000.
Full description is detailed on their website.
What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
Poll: Do you think NZ should ban social media for youth?
The Australian Prime Minister has expressed plans to ban social media use for children.
This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.
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85.5% Yes
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13.4% No
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1.2% Other - I'll share below
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