New Zealand Autumn means lovely moderate temperaturesb 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 Isand (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).
My father came from Tralee Ireland many years ago and I have seen many Irish enjoy the New Zealand lifestyle. and would love to help the Irish Contact Mary from New Zealand Mortgage Solutions Pty Ltd for a preapproval from a choice of leading New Zealand banks/lenders
Contact Mary of New Zealand Mortgage Solutions for assistance
Mary O’Brien sets out to help Irish people achieve a life’s ambition of owning property or investing in a great property asset ‘Downunder’.
Mary O’Brien is uniquely positioned to help the Irish obtain finance. Accredited with 13 New Zealand and 35 Australian banks/lenders Mary specialises in assisting the Irish with New Zealand and Australian finance. A move to another country is never easy, especially when selling and buying a home. Before leaving Ireland, or if you live in Ireland (as an investor), Mary can obtain a bank letterhead pre-approval for a NZ or Australian property. It gives you, the buyer, the confidence and comfort in knowing just how much you can borrow and is usually valid for 90 days.
Mary, herself is of second generation Irish descent, knows and understands the ups-and-downs, the twists-and-twirls, of establishing ones-self in a new country. That is how Mary’s father, Michael, from Tralee, Co Kerry, found the ‘New Country’ in the construction industry. Through her father, Mary has been imbued with a flair for property investment. Being a frequent visitor to Ireland, maintaining close contact with her Irish relations, Mary has that special understanding of what it is like to be Irish living aborad. She is delighted to be in a position in being able to assist other Irish people in their antipodean adventure. To read the latest real estate news in New Zealand, checkout our newsletter.
This calculator will help investors analyse various repayment schedules and interest rates, as well as the effect of extra repayments beyond the minimum amount. Click here to learn more about our mortgage calculators and currency converters.
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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