PHOTO: At 31 and 33, Mike Gray and Vicky Gray-Kippax already own three houses in Auckland. They are about to build their ‘dream home’ in Papamoa and are pictured here with daughters Kezia, 4, and Xanthe, 18 months.
Mike Gray and Vicky Gray-Kippax were just 19 and 21 when they bought their first property – a two-bedroom rental unit in Auckland’s New Lynn.
But what is more remarkable, they were both bakers at New World and Gray-Kippax was earning only slightly more than the minimum wage.
“We paid $265,000 for the unit, in 2007,” she says. “We borrowed $235,000 and saved up the rest.”
So how does a couple (now 31 and 33) manage to save $30,000 at such a young age on average and lower-than-average salaries?
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