ASSIGNMENT:

The Kiwi property dream

Last updated 08:10 07/08/2013
House for sale sign
Fairfax Media
HOT PROPERTY: Or is it?

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Buying property seems to be ingrained in the Kiwi dream. Many people see it as a way to get ahead, to make a good investment and to secure their future.

The Reserve Bank is lifting official interest rate from 2.5 per cent to 2.75 per cent, with more rises to come. It is predicted a mortgage of $400,000 could cost $80 more a week by year's end.  

With property prices skyrocketing in many of our cities, is buying a house in New Zealand the right thing to do? Is it even realistic for the majority of us?

We want to hear your lessons learned from climbing - or avoiding - the property ladder. What's the best way to do property investment right? Is renting the way forward? What mistakes could other readers learn from?

If you've made an investment and made some money, show us some photos so we can see how it's done.

To share your experiences and contribute to this assignment, hit the big green button.


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