Buying a home on one income

Can you really buy a home on one Income? Chevaun says yes

We know the idea of buying a home on your own can feel daunting, especially in today’s market. But Chevaun, our trusted mortgage adviser, says it’s not only possible – it’s more common than you might think.

“Owning a home on one income might not look like the classic ‘big house in the city’ dream and that’s okay. More people are getting into the market by doing things differently,” says Chevaun.

So what does “doing things differently” look like? It’s about getting creative, staying flexible, and focusing on long-term gains over short-term ideals. Here are some of the smart strategies Chevaun sees clients using:

• Buying something smaller to start with
  Starting small can help you build equity and confidence without overstretching.
• Taking advantage of government support
  The Kāinga Ora initiative can make a meaningful difference.
• Rethinking the goal “Sometimes it’s not about a forever home – it’s about freedom, security, and getting started,” Chevaun adds.
• Buying where you can afford and renting where you want to live
  Known as “rentvesting”, this lets you enjoy lifestyle flexibility while investing wisely.
• Buying with a sibling or friend “I’m seeing more people pool resources with siblings or close friends. With the right legal setup, this can be a fantastic way to share costs and make home ownership a reality sooner.”

The bottom line? There’s more than one way to enter the property market and with the right support around you, it’s far more achievable than many realise.

Are you wondering what your path to homeownership could look like?

Let’s have a chat. Chevaun and the Mortgage Team are here to help you explore your options, figure out what’s realistic, and get clear on your next steps – even if you’re flying solo.