First Home Property Service

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are a professional in your mid 20’s to late 30’s

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have a single or joint income of $100,000+

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can access a deposit of $50,000+ with help from Mum and Dad

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are happy to have flatmates

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You get to live where you want to live

Wouldn’t it be great to choose where you want to live?

In your own home, close to work and your social network. You could reduce commuting time, your carbon footprint and still lead a normal social life.

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The capital gain on your home creates your future personal wealth

A $450,000 property purchased today could give you over $1,000,000 in capital gain over 20 years. To save $1m you would have to save $2,500 per month for 20 years and be earning 5.5% p.a. each year!

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Someone is there to guide you through the property purchase process

Buying a first home can be a daunting prospect for many people.

We have a standard property purchase process and a workable plan that makes sure you have the right professionals involved, mortgage finance is confirmed and the property meets your criteria for an affordable home.

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Saves you time

How would you like to have your weekends back?

No more rushing around to all those real estate Open Homes. We locate a property that fits your specification using our established property networks. You can relax.

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Flatmates and the tax system help with the costs of owning your home

The rent and tax savings can help you to pay off your mortgage over a shorter period of time.

Q:

Should I wait? Are property values going to fall?

A:

We are expecting property prices will reduce in some areas in the short term, however, good quality property in good locations is holding its value. There are opportunities now to purchase homes that are affordable in good locations [central/fringe Wellington]. There is no guarantee this will be the case in the future.

Looking more long term, average house prices in Wellington have increased 2% above the inflation rate over the last 40 years. This overall trend has included periods of short increases [as we have seen recently], gradual increases, plateaus and the occasional drop. However, purchaser demand means that some property locations will experience capital growth that is better than average - we focus on these areas in Wellington.

Q:

What are the advantages of buying a home vs renting?

A:

Buying your own home means you are in charge of your future. The home loan amount you pay weekly is helping you, not your landlord. You can also be more settled because you don't have to worry about being asked to leave the property [because the property is being sold or the landlord is moving back in], you can have pets and can decorate the property to your taste.

You also have the ability to build equity in your property. Most of this will come with capital gain over time but you can also add value to the property by remodelling the kitchen or bathroom, redecorating inside, building a garage or carport, landscaping the outside - improving the overall value of your investment.

Q:

Will I be able to get flatmates?

A:

More people are renting than ever before. A number of demographic, economic and lifestyle trends are driving this - including inner city living, smaller households, a desire to be flexible and mobile as well as the impact of student loans. We look to source properties in areas of good rental demand that also appeal to flatmates [ie size of bedroom etc.]

Q:

Will I always need flatmates?

A:

As mortgage interest rates reduce to their long-term average, salaries increase and your mortgage reduces, you will get to a position where you can decide whether you want to have flatmates or not.