In the second podcast episode of the OneRoof and Cooking The Books special look at the housing market, host Frances Cook looks at the challenges of saving for a deposit on an average income.
Getting together a house deposit is arguably the hardest part of becoming a home owner.
Depending on whose figures you use, and where you are in the country, renting can actually be slightly more expensive than owning a home.
That means when you're renting and trying to save, it's an uphill battle.
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It's not impossible though, and the payoff is worth it once you get there.
You just need the inside word to reduce the pain of saving up that deposit.
Peter Cordtz works on just that, at the Commission for Financial Capability.
He came on to the latest Cooking the Books podcast, where we discussed the dropping rates of home ownership, how KiwiSaver can boost a deposit, and helpful courses from the Commission.
For the episode, listen to the podcast below or watch the video at the top of the article.
Listen to other episodes in the series:
Episode 1: Buy v rent
Episode 3: Negotiating a mortgage
Episode 4: The importance of location
