From Dream to Reality: How Zena Became the First in Her Family to Own a Home
At SONI Wealth, we are privileged to partner with individuals from all walks of life to help them achieve their property dreams.
Today, we’re proud to share the incredible journey of Zena, a migrant woman who overcame numerous challenges to become the first in her family to own a home. Her story is one of resilience, perseverance, and belief in the power of education, strategy and professional help.
ZENA’S PROFILE
Starting a New Life, Chasing a New Dream
When Zena migrated to Australia in 2018, her dream of owning a home felt like a far-off goal.
With no family support in Australia and limited knowledge of the property market, she faced significant hurdles. Yet, through her determination, Zena was committed to breaking barriers and achieving what no other woman in her family had done, owning a home independently.
Challenges Along the Way
For Zena, the journey to homeownership wasn’t easy. As a new migrant, she had to adjust to an entirely different financial system, one where the rules and expectations around property ownership were unfamiliar.
This was compounded by financial limitations, starting with savings of $50,000, she knew her budget had to be carefully managed.
⦿ Navigating an Unfamiliar Property Market: With no local experience or guidance, Zena had to learn the ropes of Australia’s property landscape from scratch. It was a daunting process, filled with unfamiliar jargon, regulations, and decision-making.
⦿ Stretching Financial Resources: Though she was diligent in saving, Zena faced the same challenge that many first-home buyers encounter - how to make her savings stretch far enough to secure the right property.
Partnering With SONI Wealth
In 2022, a recommendation from a friend led Zena to attend a SONI Wealth workshop. There, she found the guidance she needed to turn her dream into a concrete plan.
Our workshops, known for their clarity and strategic focus, provided Zena with the financial education and tools necessary to make informed decisions.
This partnership marked the beginning of a transformative journey.
How We Helped:
⦿ Education & Empowerment: We started by helping Zena understand the complexities of the property market. Through personalized sessions, we broke down the steps of property buying, ensuring she felt empowered and confident in her decisions.
⦿ Smart Financial Solutions: We worked closely with Zena to maximize her financial situation. By tapping into government grants, including the First Home Buyer Grant and stamp duty exemptions, we significantly reduced her upfront costs. She also avoided costly Lender’s Mortgage Insurance (LMI), securing a better financial outcome.
⦿ Finding the Perfect Opportunity: After considering her needs, we identified a house-and-land build project in Melbourne’s Western suburbs - a developing area that offered both affordability and growth potential. It was the perfect fit for Zena’s lifestyle and long-term goals.
zena’s first home
Located in the Western suburbs, one of Melbourne’s fastest-growing regions.
A Life-Changing Achievement
In a short span of time, Zena went from being uncertain about her homeownership journey to proudly holding the keys to her very own property.
The home, located in a thriving community with easy access to public transport, schools, and shops, not only meets her current needs but also sets her up for long-term financial stability.
Zena’s Big Wins
With just a 5% deposit on a $550k property, Zena avoided Lender’s Mortgage Insurance (LMI).
She was able to take full advantage of the First Home Buyer Grant and stamp duty exemptions, further easing the financial burden.
These savings allowed her to invest in making the house truly her own, creating a home that reflects her personality and aspirations.
Zena’s Message To You
how to Start Your Journey with SONI Wealth
Whether you're a first-time buyer like Zena or looking to expand your property portfolio, Team SONI is here to guide you through every step of the process. We personalise consultations and tailor financial strategies to make homeownership accessible and achievable.
✅Personalized Strategy and Support: Take advantage of our proven system Unleash Your Wealthᵀᴹ, designed to navigate the home-buying process efficiently and effectively, making your dream home a reality.
✅Book a Complimentary Consultation: Let’s chat about your goals and how we can help you achieve them.