News
Explainer: Foreigners will be able to buy New Zealand homes from March 6 – what happens next?
7+ hour, 53+ min ago (1803+ words) The Government's softening of the foreign buyers ban will allow overseas investors to purchase residential property in New Zealand. Last year's amendment to the Overseas Investment Act, progressed through Parliament by Associate Finance Minister David Seymour and Immigration Minister Erica…...
Shake-up in NZ’s $1m club - the suburbs climbing in price, the ones falling out of favour
1+ week, 24+ min ago (1269+ words) - Rising property prices have pushed over 100 suburbs into the million-dollar club in five years. - Canterbury saw the most growth, with 38 suburbs reaching the $1m mark. - Auckland's average property value decreased annually but showed a slight recovery in recent months. Rising property…...
Kiwi buyers in NZ's wealthiest town now facing competition from Aussie plumbers
1+ week, 1+ day ago (1122+ words) - Queenstown-Lakes is attracting Australians, including tradies, due to the strong Australian dollar. - The favourable exchange rate makes it easier for Australians to buy property and get mortgages. - Australian interest is high in Queenstown, driven by its amenities and lack of…...
Where Kiwis have the best chance of buying a house for less than $500,000
1+ mon, 6+ day ago (1889+ words) - Properties under $500,000 are available in various regions, including Auckland's wealthiest suburbs. - Experts warn these cheap properties may have issues, such as cross-lease complications or remote locations. A surprising number of properties scattered around New Zealand could be picked up for…...