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Young investor success stories

Three young investors have managed to get on to the investment property ladder through completely different strategies and now they explain how.

Tuesday, June 5th 2018, 11:00AM

by The Landlord

Young investor Angela Humble

With entry level prices high, affordability low in many locations and lending regulations stringent, it’s harder than ever for aspiring young (or new) investors to get on the property investment ladder.

But aspiring investors should take heart - it’s not impossible.

In this month’s issue of NZ Property Investor magazine, we speak to three young investors who’ve come at the problem from three different angles.

And we find it’s still possible to success as a new investor, if you’re strategic and determined.

When Billy McLachlan left Opahi College in Temuka in year 12, all he cared about was skateboarding – much to his mother’s dismay.

Despite the fact that he showed considerable talent (he’s sponsored by Amazon NZ), his mum encouraged him to enrol in a one year Certificate in Business and Tourism course in Timaru.

McLachlan took to it like a duck to water and quickly became interested in the passive-income-earning possibilities of investing in property.

These days the 24 year old owns a cleaning business and works in the business of wholesaling property deals – or real estate lead generation.

He’s now on track to meet his first major goal of buying a “six-door” by the end of 2018 and he has even bigger plans for the future.

Meanwhile, West Auckland based Angela Humble used a finder to kick-start her investing journey and Waikato investor Kelsee Bax stayed at home and saved hard to get her start in property.

To read more about the investment journeys of these three young investors – along with their tips - click here to get the digital issue of NZ Property Investor magazine.

Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.

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AIA 4.55 3.19 3.19 3.49
AIA Special - 2.69 2.69 2.99
ANZ 4.44 3.15 3.25 3.85
ANZ Special - 2.65 2.75 3.35
ASB Bank 4.45 3.19 3.19 3.49
ASB Bank Special - 2.69 2.69 2.99
Bluestone 4.44 4.44 4.44 4.44
BNZ - Classic - 2.65 2.69 2.99
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.25 3.29 3.59
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union South 5.65 4.75 4.75 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 2.60 2.65 2.80
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 3.99 2.58 2.68 2.79
Kainga Ora 4.43 3.29 3.39 3.85
Kiwibank 3.40 3.40 3.54 4.00
Kiwibank - Capped - - - -
Kiwibank - Offset - - - -
Kiwibank Special 3.40 2.65 2.79 3.25
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Lender Flt 1yr 2yr 3yr
Resimac 3.49 3.45 3.39 3.69
SBS Bank 4.54 3.29 ▼3.19 ▼3.49
SBS Bank Special - 2.79 ▼2.69 ▼2.99
The Co-operative Bank - Owner Occ 4.40 2.79 2.79 3.39
The Co-operative Bank - Standard 4.40 3.29 3.29 3.89
TSB Bank 5.34 3.59 3.49 3.79
TSB Special 4.54 ▼2.65 2.69 2.99
Wairarapa Building Society 4.99 3.75 3.99 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - ▼2.65 2.69 2.79
Median 4.55 3.22 3.22 3.44

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