House Trap

Tuesday, February 13th at 7:30pm

In the final of the House Trap series, Downsize Your Mortgage investigates the alternatives to buying a house and being weighed down by a big mortgage, and follows a range of people who’ve actively decided not to tie up all their money in their home, screening Tuesday, February 13th at 7:30pm.

Hosted by Malcolm Law, House Trap is the informative New Zealand show which gives you all of the tips you need to know about buying, selling and owning a home or investment property.

We’re all familiar with the huge hike in property prices over the last five years and the frantic scramble to buy houses. But an increasing number of people are now choosing to buck this trend: by selling up altogether and moving into rental homes or apartments; downsizing their mortgage; sharing a property with a family member; or buying alternative types of accommodation like boats, buses and caravans.

In this episode of House Trap we investigate the various pros and cons of renting versus buying and downsizing your mortgage versus being mortgaged to the hilt.

Fiona and Dave are following their dream of moving to the country and slicing their mortgage in half at the same time – “we want a new lifestyle, have more time as a family and have more money”. Sounds easy but a simple life in Ekatahuna presents a whole new set of challenges.

Eric has made radical life changes to get his debt under control and think about how he can build wealth for his future – he’s sold his home and bought a yacht.

“I want to enjoy the rest of my time and do things I want to do and live in a different environment and be totally debt free,” says Eric.

Tune in to the final episode of the House Trap series, with the informative Downsize Your Mortgage, screening Tuesday, February 13th at 7:30pm.

The eight part House Trap series continues on Tuesday, January 2nd at 7.30pm on TV3 with the second instalment, How to Buy Your Own Piece of Paradise, which visits Kiwis who’ve purchased offshore homes around the world and offers tips on how others can follow in their footsteps.

The House Trap series guides viewers through the pitfalls of buying, selling and owning a home and talks to New Zealanders who have learnt from their mistakes and others who have amazing success stories.

House Trap: How to Buy Your Own Piece of Paradise focuses on Kiwis who’ve purchased offshore homes and takes viewers on a tour of the world to visit the properties and find out how the owners made their dreams a reality.

Amazingly, the show proves it is possible to purchase relatively cheap properties in some of the world’s most exotic locations and visits Kiwis who’ve brought homes in Tuscany, Italy; Burgundy in France; Bali; the lakes of Canada; on a Caribbean Island as well as closer to home in Fiji.

Like Wellingtonian Peter Travers, who made his dream of owning an offshore holiday home a reality, when he and his wife went in with a group of other Kiwis and bought a villa in the south of France.

“I suppose everybody dreams of owning some real estate – especially in France of Italy,” says Peter. “But it was something we’ve never really seriously thought of.”

But Peter made his dream come true and House Trap: How to Buy Your Own Piece of Paradise proves that with some get-up and-go and some local knowledge, buying a reasonably priced offshore paradise is an entirely achievable goal.

And if it’s a goal you’re interested in, host of House Trap: How to Buy Your Own Piece of Paradise, Malcolm Law, offers plenty of information and advice on process and process to get viewers started in their own search for paradise.

And before you know it, a farm house on the Greek Island of Leros could be yours for the very reasonable price of $150,000.

Visit Kiwis who’ve purchased their own pieces of paradise around the world and find out tips about how you could do the same in the second part of the eight-part House Trap: How to Buy Your Own Piece of Paradise, screening on 3 on Tuesday, January 2nd at 7.30pm.

Hosted by Malcolm Law, House Trap is the informative New Zealand show which gives you all of the tips you need to know about buying, selling and owning a home or investment property, screening Tuesday, December 26th at 7:30pm.

Ever dreamed of owning an overseas home or becoming a property investor? It’s surprisingly achievable, even for Kiwis who don’t have a lot of money. But you can also do it the wrong way and lose a lot of money.

The House Trap series guides viewers through the pitfalls of buying, selling and owning a home and talks to New Zealanders who have learnt from their mistakes and others who have amazing success stories.

In House Trap: How to Profit From Property, the first part in the eight-part series, Malcolm Law finds out how some people manage to make a lot of money from investing in property.

And it’s not necessarily focused on those people with pots of money – more and more ordinary Kiwis are getting into property investment, putting their faith in their own financial skills and their knowledge of the property market to make a fortune or set themselves up for retirement.

People like 26-year-old Corrina.

“I’m a qualified baker with three kids,” says Corrina. “Who’d have thought I’d be an investor?”

However she and husband Phil have a portfolio of seven rental properties worth close to a million dollars.

Or Ron who started with one property two years ago and now has 25. How does he do it? Ron will share his secret.

Terms like equity and leverage can make investing seem beyond the reach of the average Kiwi investor, but House Trap: How to Profit From Property demystifies the terminology and takes viewers through the basic principles of successful property investing.
It also highlights some of the ventures potential investors should be careful about investing in.

“I’ve been had for a fool…I get very angry when I think about what these guys have done” – that’s Frank talking about an Auckland apartment he bought off-the-plans with the promise that it would be returning over 9% in rental – “actually what I have just done here is chuck away $150,000.”

Learn all about property investment in the first part of the eight-part House Trap series, House Trap: How to Profit From Property, screening on 3 on Tuesday, December 26th at 7:30pm.