PHOTO: Mils Muliaina. SPORT 360
Former All Black rugby star, Mils Muliaina, made his first property purchase at just 21 years old, a milestone he attributes to his early rugby earnings rather than his family’s guidance. Growing up in Housing New Zealand homes and rentals, Muliaina took a leap into property investment, initially buying an old villa in New Lynn for $250,000. Over time, he expanded his portfolio to around eight properties, although he decided to limit his investments after his divorce.
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Reflecting on his own journey, Muliaina noticed the lack of knowledge and support among his fellow Polynesian teammates and decided to help them navigate the world of property ownership. Leveraging his experience and expertise, he now assists others, particularly first-time homebuyers, as a qualified financial adviser and director at The Mortgage Hub in Avondale, Auckland. Muliaina understands the unique challenges faced by different ethnic backgrounds and highlights the availability of government grants and Kāinga Ora first home loans as valuable resources.
Muliaina emphasizes the importance of open discussions and encourages aspiring buyers to have an initial chat, even if they feel unprepared. He acknowledges the impact of the housing crisis, prompting individuals to reconsider their saving goals, and believes that many may find themselves in a position to purchase now, as the housing market experiences a slight downturn. By closely monitoring clients’ spending habits and providing guidance, Muliaina helps them stay on track and reduce debt.
As lending criteria continue to evolve, Muliaina remains optimistic about the changing landscape and aims to guide clients through their homeownership journey. He finds joy in witnessing clients’ realization of their purchasing potential and has facilitated joint investments, enabling families to pool resources for subsequent property acquisitions. Muliaina emphasizes the importance of nurturing relationships with banks, as they play a crucial role in the homebuying process.
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Ultimately, Muliaina’s mission is to empower individuals and families, offering them a clear pathway to achieving their property goals. His dedication to helping others and sharing success stories reflects his commitment to making a positive impact in the realm of property ownership.
SOURCE: STUFF
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