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 wil 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).
With very little set up costs (solicitor/registration legals around NZ$1500) and no stamp duty/tax like the rest of the developped world, I can apply for 80% of purchase price from a reputable NZ bank for you. New Zealand property market continues to be very popular for many people, particularly Irish and UK people moving Downunder. NZ continues to be very popular destination for many Irish people. My father came from Tralee Ireland many years ago and I have seen many Irish enjoy the New Zealand lifestyle. Read our latest newsletter below New Zealand is a great place to live!!!
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.
Click here to read more media releases.
Please Wait ...
You can contact us on 1800 557773. Or fill in the form below, please give as much detail as possible and we will get back to you as soon as possible.