Feature article
From converted garage rental to home owner: single mum working 54 hours a week buys first home
After years of hard work, a single mum has finally bought her first home using her KiwiSaver.
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AI summary
Single mum Hosanna Elers has achieved her home ownership dream, buying a Kaitāia house for $440,000. After a six-year journey, she used her KiwiSaver for the entire 10% deposit while working 54 hours a week.
Motivated to provide for her daughter, she sought help from mortgage advisor Alex Colville. Her success was aided by a softer housing market, showing that determination can pay off for first-home buyers even in a challenging economy.
Hosanna and her daughter had been renting a converted double garage, so are happy to finally have more space. Photo: Supplied
The tidy 3 bedroom home has a heatpump and is close to sports grounds. Photo: Supplied
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