Property

Young investor’s secret to success

Almost every day we hear young Kiwis are struggling to get onto the property ladder – especially in Auckland where median house prices are 9.5 times the average income.

Tuesday, October 18th 2016

Tamzin Letele with her family

But Tamzin Letele, who is profiled in this month’s NZ Property Investor magazine, is proof that, with grit and determination, it can be done.

At the age of 29, Tamzin is financially savvy with a substantial history of property investment.

She has scrimped and saved, dabbled in trading and property finding, and spent long hours on hard physical grind.

Her journey reads like a painstaking step-by-step of how to achieve the dream.

There have been setbacks, but now – with a mortgage-free bach and a rental portfolio with six income streams - she finally feels like she has arrived.

Sceptics might scoff that she’s had it easy.

To the contrary, she came from a ‘blue collar’ background. Her parents separated; living with her mum, she was always aware meeting expenses was a struggle.

She grew up determined not to continue the cycle.

When she left school after completing seventh form at 16, the would-be investor was inspired by Robert Kiyosaki’s book Rich Dad, Poor Dad. She had a vision of becoming a billionaire by the time she was 30.

“Why not?” she asks. “At that age, a typical gen-Y, it was always about the money. And property seemed like the fastest and surest way to wealth.”

Tamzin set herself a goal to make it happen. She was clear about what she wanted to achieve and began early, creating opportunities that would lead to success.

To read Tamzin’s full story, click here to get the digital issue of NZ Property Investor magazine.

Subscribe to NZ Property Investor magazine here to get great stories like this delivered to your mailbox every month.

Comments

No comments yet

Most Read

Unity First Home Buyer special 4.15
SBS FirstHome Combo 4.29
ICBC 4.49
Kainga Ora 4.59
SBS Bank Special 4.69
AIA - Go Home Loans 4.75
Unity Special 4.80
China Construction Bank 4.85
Co-operative Bank - First Home Special 4.89
Kiwibank Special 4.95
TSB Special 4.99
Kainga Ora 4.95
China Construction Bank 4.95
ICBC 4.99
SBS Bank Special 5.29
Unity Special 5.29
Co-operative Bank - First Home Special 5.29
Kiwibank Special 5.39
ASB Bank 5.45
Westpac Special 5.45
AIA - Go Home Loans 5.45
BNZ - Std 5.45
SBS Bank Special 5.49
BNZ - Std 5.49
Westpac Special 5.49
ASB Bank 5.59
AIA - Go Home Loans 5.59
ICBC 5.65
Kiwibank Special 5.69
Kainga Ora 5.69
Co-operative Bank - First Home Special 5.89
Co-operative Bank - Owner Occ 5.99
TSB Special 5.99
SBS FirstHome Combo 3.29
AIA - Back My Build 3.34
SBS Construction lending for FHB 3.74
CFML 321 Loans 4.20
Co-operative Bank - Standard 5.34
Co-operative Bank - Owner Occ 5.34
ICBC 5.39
Kainga Ora 5.79
Heartland Bank - Online 5.80
SBS Bank 5.84
Pepper Money Prime 5.99

More Stories

Can the NZ economy grow while house prices stagnate?

Thursday, July 09th 2026

Can the NZ economy grow while house prices stagnate?

The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue.

Thursday, February 19th 2026

RBNZ expects slower house price growth in the current recovery

The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.

Wednesday, January 07th 2026

Queenstown not off the radar for first home buyers

First home buyers are not being deterred by Queenstown’s soaring house prices.

Record levels of first home buyers taking out low deposit loans

Tuesday, December 23rd 2025

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months.