Unconventional First Home Buyer Tips | NZ Property

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You’ve seen the headlines “DEVELOPER PAYS MILLIONS FOR HOUSE WORTH $20K”. Here are 7 unconventional tips for first home buyers who want to finally find a property they can actually buy.
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Disclaimer: This video is for entertainment purposes only and is not financial advice. Opinions in this video are general in nature and are not a recommendation, opinion or guidance to any viewer in relation to acquiring or disposing of a financial product. Viewers should not rely on these opinions and should always seek specific independent financial advice appropriate to their own individual circumstances.
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Very interesting points and perspectives. Never thought about these points. I will use these points for my first home.

annashaw
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Interesting and helpful points. What's the main thing that would deter a developer about a property with a long / narrow driveway?

radekou
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May I know as the first home buyer like me do you recommend buying new townhouse or terrance with 90% LVR or 80% LVR with First home partner like Kāinga Ora? As I don't have 20% deposit, I can either choose first home partner or borrow 90% from bank, but the cons for 90% mortgage is the interest is very high, if I choose the Kāinga Ora plan, I'm planning to sell the house after 3 years, or rent the whole property out & buy my second house(existing house) if possible.

Or maybe I should buy an existing house & borrow 90% from bank? Consider existing house with free hold or cross lease capital gain will be much better than new townhouse? Can you give me some advice?

mauwuang
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