WillaKissing · 56-60, M
Take your time and feel out the moving out process before you get there so you can make that plan ahead of time.
Great plan and congrats Dan!
Great plan and congrats Dan!
KiwiDan · 31-35, M
@WillaKissing That's an idea I've been thinking about doing, but it's still a way off yet so I'll just focus on me for now
Gusman · 61-69, M
A good thing to keep saving money and paying off your debt.
To access a rental here in Australia, an upfront fee of 7 weeks rent needs to be given to the rental agent. 4 weeks bond, 1 week's letting fee and 2 weeks rent in advance.
New Zealand does not allow a letting fee.
Depending on where you live, 1-bedroom flats are going for $400/ week in regional west coast.
Though there are units available in Canterbury below $250/week.
So the move in fee would be $250 a week x 6 = $1500.
Monthly rent would come to $1053.
Much cheaper than buying a home.
There are very few properties available under $500,000. To service such a loan would be up to $750/week.
A 20% deposit is typically required ($100,000).
First-home buyers may qualify for a 5% deposit ($25,000) through a Link:
Kāinga Ora First Home Loan https://kaingaora.govt.nz/home-ownership/first-home-loan/} scheme.
Though a yearly income of $95,000 is required to qualify.
Just something for you to think about.
To access a rental here in Australia, an upfront fee of 7 weeks rent needs to be given to the rental agent. 4 weeks bond, 1 week's letting fee and 2 weeks rent in advance.
New Zealand does not allow a letting fee.
Depending on where you live, 1-bedroom flats are going for $400/ week in regional west coast.
Though there are units available in Canterbury below $250/week.
So the move in fee would be $250 a week x 6 = $1500.
Monthly rent would come to $1053.
Much cheaper than buying a home.
There are very few properties available under $500,000. To service such a loan would be up to $750/week.
A 20% deposit is typically required ($100,000).
First-home buyers may qualify for a 5% deposit ($25,000) through a Link:
Kāinga Ora First Home Loan https://kaingaora.govt.nz/home-ownership/first-home-loan/} scheme.
Though a yearly income of $95,000 is required to qualify.
Just something for you to think about.



