Clever young people can and do buy rental properties as their first home. Many stay living at home with their mum and dad, while building up capital in their rental property.
The logic of buying property to let out is that it’s cheaper for you to pay board or even rent, instead of living in your own home. Yet you’re on the property ladder and hopefully will build up equity over time. Read more here
By Diana Clement, MSN Money expert
Some of our handy pages and links:
► Refinance / remortgage: https://www.smartbrokers.co.nz/should-i-remortgage-in-new-zealand/
► Mortgage Reviews NZ: https://www.smartbrokers.co.nz/why-should-you-have-a-mortgage-review/
► How to repay your mortgage in 10 years: https://go.smartbrokers.co.nz/smart-dbc-live-edited-on-demand/
► Mortgage Calculator: https://www.smartbrokers.co.nz/nz-home-loans/mortgage-repayment-calculator/