Karen’s First Home Buyer Property of Month – February

Karen’s “Property of the Month” Could this be your new home?

55A Granville Drive, Massey, Auckland

3-Bedroom | 1 Bathroom |$650,000

Proudly presented for sale by Bronwyn Ashdown of Barfoot & Thomspon – Listed price $650,000

Mortgage Link works closely with the First Home Buyers Club (FHBC) to help their members find solutions to their lending needs. We have strong relationships with some great Real Estate Agents and I wanted to share with you my “Property of the Month”, to give you real food for thought for your possible first home.

Could this 3-bedroom home be the one for you?*

This is a delightful home, affordable, and location wise – it is situated in a popular street in Royal Heights. The property is just a few meters from Moire Park and playground, plus close to fast growing Westgate, Royal Heights Shopping Centre & motorway access.

Open plan living, a seamless flow to outdoors, you will love living in this cute, well presented 3 bedroom home.

A great place to relax or entertain on the north facing deck, or potter inside knowing that the children are playing safely on this fully fenced property. It is evident this is a great neighbourhood with pride shown by the neighbours in maintaining their homes.

With a list price of $650,000†, this is an example of how the purchase may breakdown for you….


Purchase Price: $650,000

20% Deposit: $130,000

 80% Lending: $520,000


Example deposit funds

KiwiSaver – applicant 1‡:  $31,000

KiwiSaver – applicant 2‡: $42,200

Savings: $56,800

Total Deposit Funds: $130,000

Indicative fortnightly repayments for $520,000 equals $1333

Based on:30-year term, 4.65% 2-year fixed rate (interest rates subject to change)
‡Subject to KiwiSaver membership and eligibility
KiwiSaver deposit funds estimated example only, based on $50,000 + $70,000 incomes for 8 years, 3% + 4% contributions respectively
Lending availability subject to client meeting lending criteria

† For existing homes where the purchase price is $600,000 or less:
– you may be eligible for a Home Start Grant to help towards your deposit funds

For more information about using KiwiSaver Withdrawal and HomeStart grant take a look here

See the property of the month details here: 55A Granville Drive, Massey

To enquire about the property, please call Bronwyn on 021 476 549 or email her on b.ashdown@barfoot.co.nz – tell her you are a FHBC client; she will be pleased to help you.

If this property doesn’t quite meet your needs, Bronwyn will be able to help you, there are a number of similarly priced properties available.

I would really like to help you achieve your goals. For assistance with your lending and/or to secure a pre-approval, please email me at fhbc@mortgagelink.co.nz , or provide me with some of your information using this link Home Readiness Check and I will be in touch soon.

Karen Renwick

Registered Mortgage Adviser


A disclosure statement is available on request and free of charge

* Please note: I provide mortgage structure and repayment advice, and not an opinion or recommendation about any property you are considering purchasing – you are responsible for and need to complete your own due diligence.

FHBC provide this property of the month for information purposes only and advise you to undertake independent due diligence including pre-purchase inspection and legal advice. 



Dustin Lindale February 8, 2018 First Home Buyer Property