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 thee are really picturesque landscapes, particularly in the South Island (Queenstown, Wanaka are absolutely beautiful this time of the year).
New Zealand is a great place to live not only for lifestyle but for jobs, education and purchasing a property.
All nonresidents now, must have a NZ tax file number before they can settle any New Zealand Property and provide their overseas tax file number.
All Investors for NZ Investment Property must be aware of the law "Bright Line Test" whereby all investors who buy residential NZ property after 1 October 2015 with the intention of selling and making gain will require income tax to be paid on any gains and will be taxed at the seller's normal income tax rate.
GDP his 2.5% as at March 2016, NZ exports remain high. Also with record high migration to New Zealand both from ex pats and other nationalities, there is still a shortage of housing particularly in Auckland. Unemployment rate as at January 2016 was 5.3% down from 5.8% in January 2015.
Property Market - New Zealand average median house increased 11.4% in the past 12 months to 31 March 2016 to $559,492, Auckland increased 16.% to $931,016, Tauranga increased 22.6% to $571,872, Wellington increased 8.9% to $593,060, Christchurch increased 2.9% to $423,700 and Queenstown Lakes District 13.3% to $715,767, Dunedin 8.2% to $328,089
When you look at such a diversified value in New Zealand and look at the rental return on the Government website, you will see the capital growth and rental returns that suits you.
Remember there is no Stamp Duty and No Land Tax in New Zealand. You normally require 20% deposit plus approximately NZ$1,500 legals to NZ solicitor to acquire a New Zealand property if one of you have a NZ or Australian passport/citizenship (with exception of Auckland investment property 70% finance).
Refer to my "Case Studies"on my website for Australian residents and Ex Pat Kiwis living in Australia investing or moving to NZ. Contact Mary from New Zealand Mortgage Solutions Pty Ltd for a preapproval from a choice of leading New Zealand banks/lenders.
We are mortgage brokers who specialise in providing New Zealand and Australian finance.
We are accredited with 12 New Zealand banks/lenders and accredited with over 35 Australian lenders. This gives us and you an advantage.
Our focus is to help provide mortgage options and creating loan solutions for Australian residents and people around the world wanting a New Zealand mortgage. Our main aim has always been to help people own their own home and to choose with me the best loan to suit them long term.
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Everything you need to know if you thinking of buying real estate in New Zealand. Updated each month.
We have compiled a handy checklist of you so you can begin to understand the process involved in getting a New Zealand mortgage.
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