'A year of strenuous saving': University graduate on how she saved $56,000 for a first home by age 23

'A year of strenuous saving': University graduate on how she saved $56,000 for a first home by age 23
Newshub
9 hrs ago
Priscilla Dickinson
© Supplied.
Having bought a 2-bedroom house in Hamilton in March, Simran Kaur shares how she managed to save a deposit of $56,840 by age 23.
© Provided by Newshub
A Kiwi woman who by the age of 23 managed to scrape together a $56,000 deposit for a first home in Hamilton says it took a year of strenuous saving.
As a single person with no dependents, her situation is unique - she was able to save a lot of money in a short space of time. But she's sharing her story to give other young people ideas on how to start - and to highlight the extent first home-buyers are having to save, to get onto the property ladder.

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