What is a House Deposit?
💰 The Journey to Your House Deposit – Made Simple! 🏡
Saving for a home deposit might seem like a big mission, but with the right strategy, you’ll be unlocking that front door in no time! 🚪✨
What’s a House Deposit?
It’s the upfront amount you pay when buying a home calculated as a percentage of the total property price—usually 10% in NZ and 20% in Australia. It’s your ticket to getting that mortgage and securing your dream property!
Top Tips to Grow Your Deposit Faster
💡 Budget Like a Boss – Track your income, spending, and savings. Little tweaks can make a big difference! Look at areas where you can cut costs without compromising your lifestyle.
🏦 Automate Your Savings – Set up automatic transfers to a dedicated account. Out of sight, out of mind, but growing!
💰 Look Into Government Schemes – First-time buyers, there might be help available—don’t leave free money on the table!
📈 Get Smart with Investments – A financial advisor can help you make your savings work harder.
Beyond the Deposit – What’s Next?
🔍 Find the Right Property – Research locations, property trends, and future growth potential.
🏡 Sort Your Mortgage – Talk to a mortgage broker to find the best loan option for your budget.
Patience Pays Off!
Saving for a house takes time, but every dollar gets you closer to your dream home. Stay focused, get advice when needed, and before you know it—you’ll be stepping into your very own place! 🔑
Remember, the key lies not just in reaching your financial goal but in embarking on a homeownership journey that aligns with your aspirations and sets the stage for a secure future.
I'm available for real estate advice and tips. My advice is given freely and without obligation
#HouseDeposit #FirstHomeBuyer #SavingTips #DreamHome #FinancialFreedom
Have you nominated a local business yet?
The Prospa Local Business Hero Awards are back and we’re searching for the standout local businesses that have made a real impact over the past year!
It’s time to celebrate the incredible businesses that help make our communities such special places to live. Nominations are now open – click the link below to nominate your Local Business Hero and help them get the recognition they deserve.
If you haven't nominated your favourite local business yet, make sure you do it today.
This week's prize winners...
The winners this week get to choose between a Mitre10 or Bunnings voucher to the value of $100. The lucky members are:
Anaru Gray from Ranui
Felicia Gear from Palmerston North
Brettan Floyd from Paihia
Maureen Callaghan from Burnside
Winners, get in touch with the Neighbourly team before 22nd April to claim your prize.
If you're not a winner, check back next Tuesday!
Poll: Has your Kiwisaver taken a dip?
With the US tariffs ramping up and the stock market taking a hit, many are noticing a change in their Kiwisaver amounts.
If you've had a peek at your Kiwisaver balance since, have you seen it decrease?
-
88.4% Yes, it's decreased
-
9.6% Nope
-
2% Other - I'll share below
Loading…
