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#Mortgage broker Rotorua

mortgageboss-blog · 4 years

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Mortgage Boss are Best Mortgage Broker Christchurch. Our team are able to identify the best opportunities whether we are in good times or bad times. Call us today at 021 057 8601 for more queries and visit our website: http://www.mortgageboss.co.nz/.

#mortgage and insurance broker new zealand #best mortgage & insurance advisor Auckland #best mortgage broker auckland #auckland mortgage lender #best mortgage broker Christchurch #mortgage broker Queenstown #Mortgage broker Rotorua #Mortgage broker Whangarei

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rentersblog · 6 years

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How Renters can buy their own home - its affordable with a cunning plan

How Renters can buy their own home - its affordable with a cunning plan.

It is totally possible for Renters to buy their own home within 2 years

but you'll need a plan,

and be willing to move to a location with cheaper rents. ( so that you can save) such areas usually have the affordable houses too.

Save save save!

You have to get somewhere so you can Save!

So perhaps get a job with accommodation included. For example, Farmworkers often get free accommodation as do Kiwifruit pickers so keep an open mind and look around.

so if you are able to move location, then think about moving to rural NZ and get a lifestyle change

do it for 2 years to save hard and get your deposit together.

Affordable House

A House recently sold in Shannon for $205k

https://www.trademe.co.nz/property/residential-property-for-sale/auction-1651853263.htm?rsqid=3765fcc3916240969fb3bf411e3f1e80

Where's Shannon? Its a sleepy village/town in the middle between Levin and Palmerston North, its a quaint village with all you need for an easy and affordable lifestyle.

it's cheap living, no parking meters no traffic lights, and it does have schools. pubs sports ground, golf club. etc.

It may seem remote but in reality, it’s not far from anywhere:

only 16km ( 15mins) from Levin, ( the nearest town centre)

only 30km ( 27mins) to Palmerston North,

20km ( 25mins ) to the beach. and no parking problems when you get there.

110km ( 90mins to Wellington city) during off-peak times of course,

and trains the capital connection commuter train stops at Shannon so you could do a daily commute to Wellington city centre?

If you need a job in a major centre, there are two nearby ( Levin and Palmerston North ) remember rural commute times are a breeze ( no traffic snarls) or rush hour. and it always takes the same time every day.

cheap living so you can save.

At a quick glance, average rents for a 3 bedroom house in Shannon seem to be around $200/week

So for a dual income household, you can certainly afford to save. hard If you buckle down and save hard and tighten the belt you could build up your $30k deposit.

To buy a local home you’d need as combined nett income of $40k.

To buy a $150k house you only need to save $30k deposit but could maybe get away with as little as $15k as you could get 5k each from a first home buyers grant, It pays to talk to a mortgage broker. As they may know of other options

And if you got a mortgage approved and bought a home for $150k

your weekly mortgage repayments at (4.50%) would be about $660 per month and never worry about a Landlord again. but you must remember to allow for other expenses like Insurance and rates. but rural living can be cheaper than a city because you won't be paying city prices for services like Doctors and Dentists.

Where else is cheap living?

The West Coast ( Greymouth) is certainly cheap but jobs may not be so plentiful.

Murupara a forestry village, ( 60km from Rotorua or 78Km from Whakatane

Invercargill, Southland is also affordable.

Or Lake-side towns for adventure lifestyle living.

Turangi, ( 50km south of Taupo) ( 40mins to the ski field on Mount Ruapehu) and based on the shore of Lake

Taupo,& Tongariro river.

Mangakino lake-side village ( 50km, 46mins north of Taupo)

We've analysed the Rental Bond data to find the places with the average cheapest rents see my Blog Post " Where are the cheapest places to rent in NZ it turns out that Manawatu-Wanganui region has the cheapest average rent and that is the region that includes Shannon & Levin.

so the big question is; Are you prepared to make a lifestyle choice and move to a provincial town?

If you make the big move and rent for a couple of years you can try before you buy and see if you like living there. worst case scenario if you buy a house and then decide that you don’t like living there you can always sell your house ( for a profit) or rent it out and become a Landlord.

Help Us to Help others, if you found this useful, please share.

or if you want to follow us see our Facebook page

Regards

Harvey, Founder, Rentwiz.nz

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zombieprivilege-blog · 7 years

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