The Ray White Group throughout New Zealand has seen a noticeable increase in web enquiry from Australia specifically related to investment properties in New Zealand.
With the recent exchange rate differentiation between the New Zealand and Australian dollar, property in New Zealand has become a much more affordable opportunity for Australian residents to benefit from. New Zealanders have had a general thirst for investment in property over many years, however during the past 12 months the property slowdown has seen more affordability for buyers who are attracted to investment property.
There are many areas in New Zealand which Australians are familiar with, particularly coastal regions throughout Northland, the Central North Island and the Lower South Island.
Generally for Australians the benefits of buying property in New Zealand include lower entry prices, more motivated sellers, higher rental yields which can often be neutral and even positive, no stamp duty on purchases, New Zealand banks are generally more flexible than Australian banks, the good value that the Australian dollar currently buys in New Zealand, interest rates that are comparable and now looking to be better value than Australia, together with a more balanced approach to tenants and landlords rights.
We expect to see more Australian investors looking at the overall value of New Zealand property and with this in mind, New Zealand feature properties are shown on the Ray White International site of www.raywhite.com.