Owning home 'pipe dream'

Last updated 05:00 19/09/2013

Relevant offers

Southland mother-of-three Carla Baldwin believes buying her own home will become a "pipe dream" when the Reserve Bank's new lending restrictions come into effect.

Ms Baldwin, who lives just outside Mataura, said she had been intending to use Kiwisaver funds and additional savings to buy her first home in three years.

She had been saving some of her income towards this goal, but there was now "no way" she would be able to save enough for a 20 per cent deposit as a single mum, she said.

"It's hard enough as it is without having to come up with double the deposit I was going to need. It sort of seems like a pipe dream now."

Owning her own home would have provided security for her family and she was sick of moving from rental to rental, she said.

Ad Feedback

- The Southland Times

Special offers
Opinion poll

Should April Miller be allowed to play in the presidents grade rugby competition?

Yes, if she can keep up with the other players, why not?

No, it's against the rules and it's not safe for her

Vote Result

Related story: Southland woman banned from men's rugby side

Featured Promotions

Sponsored Content

Social Media
The Southland Times on Facebook

Subscribe to a digital replica of The Southland Times.

Digital edition

Subscribe to a digital replica of The Southland Times.

Click here to read our free community newspapers from around the region.

Community newspapers

Click here to read our free community newspapers from around the region online.

Southland Times subscriber news and information.

Subscriber services

Southland Times subscriber news and information.

Click here for information about advertising with The Southland Times.

Advertise

Click here for information about advertising with The Southland Times.