Is It Still Possible For Young New Zealanders To Buy A Home? Top Mortgage Broker Reveals

Most young Kiwi have bought into the belief that home ownership is impossible. Yet Sarah from Guardian Smith bought her first home at 25, after selling her car and riding a mountain bike to save the last $10K of her deposit. Sarah breaks down what's actually working for young buyers: Kiwisaver contributions, the 5% deposit first home loan scheme most people don't know exists, and the strategy of buying a home and getting mates to pay board... Covering a huge chunk of the mortgage while building equity instead of paying someone else's mortgage. The average first home buyer age is 37. Sarah's youngest client bought at 22. The difference? A clear goal, consistent saving, and the belief that it can actually be done. We cover why 20% deposit is a myth, how to get pre-approval ready even if you're not there yet, and the sacrifices that separate people who buy young from those who wait decades. Plus Sarah's journey from math teacher to mortgage broker. It's still possible. You just need to know how the game actually works. Find Sarah:   / mortgagebrokersarah_   Amy from http://Levridge.co.nz has come on as a sponsor of Keep The Change to help people with their financial planning. Stuck? Find Amy : [email protected] Instagram:   / amy.levridge   Website: https://www.levridge.co.nz Generate are supporting my vision to improve the financial literacy of 100,000 kiwis by sponsoring Keep The Change. Cheers Generate. Head to https://www.generatewealth.co.nz/change/ to find out more. 00:00 Intro 02:15 Teaching Financial Literacy in Schools 06:02 How Young Kiwis Can Prepare to Buy a Home 09:14 Buying Home in NZ with a 5% Deposit 12:34 Sacrifice, Criticism and Sarah’s First Home at 25 14:40 Teacher Burnout and the Decision to Leave 18:01 Choosing Long-Term Potential Over a Secure Career 21:58 Meeting Mikey and Joining Guardian Smith 26:24 Finding the Right Work Environment 28:33 What Makes a Successful Mortgage Broker 35:05 Navigating Income Volatility and a Changing Property Market 37:33 Refinancing, Interest Rates and Splitting Fixed Terms 39:38 Adjusting to the Roller Coaster of Self-Employment 42:31 Hiring an Employee and Taking on New Responsibility 44:46 Advice for Career Changers and Aspiring Business Owners 47:05 Developing a Growth Mindset 48:03 Working with Mikey and Watching Guardian Smith Grow 52:34 Helping Future First-Home Buyers Get Ready