This resource is designed to suit Personal Financial Management Unit Standard 28103 ‘Analyse and select personal house financing and purchase options’ (Level 3, 3 credits). Students will examine different ways to finance and buy a home. They’ll learn about types of mortgage, look at different kinds of mortgage providers and learn to calculate interest.


Student learning

Through this unit, students will:

  • Be able to identify and articulate different options available to finance a house purchase
  • Learn about the difference between simple and compound interest, and between fixed and floating interest rates
  • Find out the establishment and maintenance costs of buying a house.

Curriculum links

Personal Financial Management is a core generic domain on the New Zealand Qualifications Framework. This unit of work also has links to the Social Sciences and Mathematics and Statistics learning areas.

Buying your first home

  • Year 11-13
  • 25-30 hrs
  • Level 3 Personal Financial Management Unit Standard
  • Free to NZ schools
  • Led by teachers
    Training Available
Download overview

Students taking part will

  • Examine the different finance options available when buying a house
  • Articulate different types of mortgage providers in New Zealand 
  • Learn about simple and compound interest, and calculate the difference using a given scenario
  • Learn about fixed and floating mortgage rates and calculate the difference using a given scenario
  • Examine the range of fees that apply when buying and owning a house.

 

For access to the Teaching Guide and Student Assessment for this Unit Standard, please contact us via email at: support@youngenterprise.org.nz

Download includes:

  • Activity: 28103 Student Workbook
  • Slideshow: 28103 Teaching Powerpoint