The Covid crisis is coming for first home buyers with mountains of mortgage debt

We needed a reasonable period of time to allow the recent surging wave of highly geared first home buyers to get financially comfortable. We didn’t get it, writes David Hargreaves of interest.co.nz. You know, I was really beginning to think (as well as hope) that we might just get away with it. By ‘it’ I mean the … Read more

Can’t afford a house? Co-owning one might be the answer

The Lightbulb asks innovators and entrepreneurs how they turned their ideas into reality. This week we talk to Brad Parsonson, co-founder of Miuwi (pronounced me-you-we) – a platform that allows you to own a home faster and cheaper through co-ownership.  First of all, give us your elevator pitch for Miuwi. It’s been described as ‘the … Read more

Rates, renovations, repairs: A guide to the hidden costs of buying your first home

Owning a home isn’t just paying back a mortgage over 30 years – it also comes with dozens of extra expenses you may not have thought of yet. Congratulations! Through some combination of hard work, self-denial, and outside assistance, you’ve managed to scrape together the savings to buy your first home. Getting a deposit together … Read more

Tips for buying your first home, from Spinoff staff who’ve been there

Buying your first home is confusing, stressful, and a huge financial decision – and nobody knows that better than those who have actually done it. Here’s The Spinoff’s advice, gleaned from sometimes brutal first-hand experience. Buying a home is intimidating. Buying your first home can be terrifying. Once the adrenaline rush from bidding at the … Read more