property ladder


PHOTO: SUPPLED Navy colleagues Jess Shaw and Casey MacMillan combined their deposit savings to go halves on the mortgage for a two-storey, four-bedroom house in Kelson, Lower Hutt.

Buying your first home has never been tougher. In this On the ladder series, Stuff talks to Kiwis who’ve made it onto the property ladder and others who, by choice or not, are still renting.

Neither Jess Shaw, or Casey MacMillan could afford to get into a house on their own. One year after going in on a property together, they could.

The Navy friends say co-ownership is the easiest way for single millennials to make it onto the housing ladder, and stay there.

And, it’s cheaper than flatting.

In May 2016, Shaw, 27 and MacMillan, 42, combined their deposit savings to go halves on the mortgage for a two-storey, four-bedroom house in Kelson, Lower Hutt, that they bought for $515,000.



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