New Zealand Autumn means lovely moderate temperatures where people are still going on holiday, getting away for long weekends. At the same time the colours are changing outdoors and there are really picturesque landscapes, particularly in the South Island (Queenstown, Wanaka are absolutely beautiful this time of year).
Easter and the 99th Anniversary of Anzac falls on continuing dates this year, hence lots of Anzacs will have long lovely autumn holidays in April.
From a Financial, Residential and economic situation, NZ has been growing so strongly that the Reserve Bank announced an increase of .25% cash rate to 2.75%. This is the first time since July 2010 that the official rate has increased (reflective on Variable interest rates, but the banks have also reflected this on fixed rates also).
GDP is estimated to have risen 3.3% in the year to March 14. NZ exports remain high. With high migration, shortage of housing particularly in Auckland and Christchurch there will still be strong demand for these locations. Real Estate Institute of NZ February data shows numbers of house sales were 7.6% down from 1 year earlier. This is mainly to the first home buyers and Reserve Bank restriction on deposit for property.
Job Opportunities - unemployment rate in December 2013 quarter was 6% (previous year 7.3%) and economists forecast it to fall further.
Auckland median house price has increased 14% in the past 12 months up to February 2014 to NZ$695,499 (QV report March 14) and the NZ average property has risen in the 12 months up to February 2014 9.3% to $468,484 (QV report March 14).
Many Ex Pat Kiwis are moving back to NZ as well as many migrants. Remember there is No Stamp Duty and No Land Tax in New Zealand.
NZ is so beautiful that many people look at "lifestyle" as well as investment. Read our latest newsletter below.
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Everything you need to know if you thinking of buying real estate in New Zealand. Updated each month.
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