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  • Expert opinions
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01 BUDGETING FOR HOME OWNERSHIP 2
Paige & Sam's story

02 TALK TO AN EXPERT
Expert opinions

02 Tailored repayments2
How to guides

01 HOME LOAN CALCULATOR
Home loan calculators

02 Understanding your home loan
Register for updates

Paige & Sam's story

"We got so caught up in getting on the property ladder and quickly realised that we'd need to think outside the square, and that's when we decided we'd look at buying in the regions." - Paige

Paige and Sam rental property cropped

Paige and her husband Sam had always wanted to own their own home, but had thought it was out of their reach, until Paige’s parents seriously suggested it during a weekend visit. After months of trawling through open homes in Auckland, the “Kiwi Dream” of buying a 3-bedroom place with a backyard seemed more distant than ever, so the couple decided to look elsewhere in New Zealand.

Tauranga was a familiar city where Paige and Sam found they could get a brand new 4-bedroom home for considerably less than the run-down properties they’d been looking at in Auckland. For them it was a no-brainer.

The plan now is to rent out the house in Tauranga whilst living in Auckland close to their friends, family, and jobs. When the time’s right they plan to sell the Tauranga property to help fund a deposit on an Auckland apartment.

 

Paige and Sam rental property cropped

Paige and her husband Sam had always wanted to own their own home, but had thought it was out of their reach, until Paige’s parents seriously suggested it during a weekend visit. After months of trawling through open homes in Auckland, the “Kiwi Dream” of buying a 3-bedroom place with a backyard seemed more distant than ever, so the couple decided to look elsewhere in New Zealand.

Tauranga was a familiar city where Paige and Sam found they could get a brand new 4-bedroom home for considerably less than the run-down properties they’d been looking at in Auckland. For them it was a no-brainer.

The plan now is to rent out the house in Tauranga whilst living in Auckland close to their friends, family, and jobs. When the time’s right they plan to sell the Tauranga property to help fund a deposit on an Auckland apartment.

 

Expert opinions

We've gathered all the best tips and tricks from our property and finance experts, as well a BNZ customers, about buying a rental property. This video covers using the KiwiSaver first home buyers grants and the different lending rules for investment properties.

We've gathered all the best tips and tricks from our property and finance experts, as well a BNZ customers, about buying a rental property. This video covers using the KiwiSaver first home buyers grants and the different lending rules for investment properties.

*The views expressed by speakers during the Buying Outside the Box events are those of the speaker and must not be construed in any way as representing the policy or views of BNZ. BNZ does not endorse the products or services of any guest speaker. For any of the BNZ products or services mentioned by the speakers, lending criteria, terms and fees may apply and you should talk to BNZ for full information before making any decisions about taking out a product.

*The views expressed by speakers during the Buying Outside the Box events are those of the speaker and must not be construed in any way as representing the policy or views of BNZ. BNZ does not endorse the products or services of any guest speaker. For any of the BNZ products or services mentioned by the speakers, lending criteria, terms and fees may apply and you should talk to BNZ for full information before making any decisions about taking out a product.

How to guides

If you're ready to take the next step towards home ownership, here are some handy guides and articles about buying a rental property. 
Don't forget to check out our complete home buyers process too - it covers every step of the journey, from saving for a deposit to moving in day and paying off your mortgage quicker.

 


Home loan calculators

Use our calculators as a guide to find out what you could borrow, pay, and save.

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How much could you borrow?

Work out how much you might be able to borrow based on the size of your deposit, your current income and expenses.

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Work out your repayments

Finding out what your mortgage repayments might be can help when budgeting for and choosing your first home.

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Pay it off faster

Click here to work out how much you might be able to save on interest, and off the overall length of your loan with a TotalMoney home loan.

 

 

Register for updates

Be the first to know about future BNZ events for first home buyers, and get all the latest insights, opinions, videos, and how-to guides about alternative ways of getting onto the property ladder. Fill out your details by clicking on the button below.

 

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