Tired of the endless saving cycle while watching home prices continue to climb? You're not alone. Many Kiwis believe they need a 20% deposit to enter the property market—a seemingly impossible hurdle that keeps pushing the dream of home ownership further away. But what if I told you this widely accepted "truth" is actually one of the biggest myths in New Zealand real estate?

As a mortgage advisor who's helped hundreds of families secure their first homes, I'm pulling back the curtain on low deposit options that could transform your housing journey. The reality is far more promising than most realise—with pathways to property ownership requiring as little as 5-10% deposit. From Kāinga Ora's First Home Loan scheme for those with just 5% saved to mainstream banks that will consider 10% deposits, and even non-bank lenders offering flexibility on credit history and income types, the opportunities extend well beyond what most buyers imagine.

Through real client stories, including a single mother who went from an 8% deposit to homeowner in Levin (later refinancing with a mainstream bank), I break down exactly how these alternatives work, who qualifies, and what you need to prepare. Yes, buying with a lower deposit comes with considerations like higher repayments and certain fees—but weighed against the wealth-building potential of property ownership versus continued renting, many find it's a risk worth taking. Whether you're considering your first home purchase or know someone who believes they're locked out of the market, this episode provides the strategies, tips, and encouragement needed to move forward with confidence. Ready to stop letting the 20% myth hold you back? Let's explore what's truly possible for your situation.

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