Home ownership - September 2005

Home ownership - September 2005
01 Sep 2005

This research explored Pacific people's views of the multi-borrower provision of Housing New Zealand's Mortgage Insurance Scheme, known as the Welcome Home Loan.

Key Results

  • confirmed that the multi borrower arrangement is a good way for large Pacific families to get into their own home - it may also be useful for families with older parents that are buying their first home
  • suggested a key motivation for people to buy their own home is a desire to provide a secure foundation for their family in the future
  • identified three potential barriers to home ownership by Pacific families:  the level of families existing debt; the affordability of houses in the areas where Pacific people wished to live, and the need for information and support, particularly for people whose first language is not English.
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