Big Clinton Sheep

SUMMER IN NEW ZEALAND MEANS CHRISTMAS NEW YEAR HOLIDAYS. Most people enjoy swimming at the beaches or the picturesque lakes, bushwalking (no snakes or deadly spiders), BBQs at the beach or at your house and generally a very relaxing time for everyone. Nice to have evergreen fields, blooming flowers and trees, daylight saving and warm days. It also reflects on the housing/finance market with many settlements at Christmas and new properties on the market late January. Great time to start househunting after your holiday, but remember to get your preapproval from Mary before househunting!!! New Zealand is a great place to live not only for lifestyle but for jobs, education and purchasing property. A huge factor is low interest rates. If you require a mortgage preapproval (valid 3 months) and seriously looking at properties in New Zealand then contact Mary.

SO MUCH IN NEW ZEALAND HAS OCCURRED IN 2018. First the most important event was Fixed Interest Rates Hit "rock bottom" record at 3.9% for the first time. Second All Blacks winning the Bledisloe Cup again, but surprisingly losing to the Irish!!, Third Law Changes October 2018 with a ban on Nonresidents purchasing "existing" residential properties (with exception of New Zealand, Asutralian and Singaporean citizens). New properties are excluded from the law.

FINANCIAL NEWS - The Reserve Bank increasing the Loan to Valuation Ratio (LVR) from 65% to 70% finance for investment property from 1 January 2019. For Owner Occupiers and First Home Owners from 1 January 2019 the "speed limit" was lifted on high LVR lending over 80% from 15% to 20% of all bank lending. Great change for First Home Buyers!!!

GDP for Q2 (June 2018) was 2.7%.

UNEMPLOYMENT RATE HAS FALLEN TO A 10 YEAR LOW FOR Q4 2018 at 3.99% (down from 4.77% Q3 2017).

"BRIGHT LINE" TAX on investment ownership extended from 2 to 5 years (taxed on property sale profit)

PROPERTY MARKET - New Zealand average median house increased 5.4% in as of 31 October 2018 to $681,802, Auckland Region increased slightly at 1.1% to $1,049,689 , Tauranga increased 3.3% to $709,746 (Nov 17 $687,310), Wellington Region increased 10.2% to $672,701, Nelson increased 7.7% to $593,947. Christchruch decreased 0.3% to $494,082, Queenstown Lakes District increased 8% to $1,180,082 and Dunedin increased 10.5% to $422,674. So you can see that since the Reserve Bank LVR finance was decreased in October 2016 to 60% then January 2018 65% and now January 2019 70% it has seemed to calm the market down with the most affected areas being Christchurch and Auckland.

FIRST HOME BUYERS - with latest Kiwibuild homes and access to your deposit from your Kiwisaver Superannuation. Refer to Housing New Zealand website to see if you quality www.hnzc.co.nz. There are purchase price and personal income limits. Up to 90% finance (conditions apply).

REMEMBER ALL NONRESIDENTS MUST HAVE A NZ TAX FILE NUMBER BEFORE before they can settle any New Zealand Property and must provide their overseas tax file number.

RENTAL AND VALUES: When you look at such a diversified value in New Zealand and look at rental return on the Government website (outlined on this website "Useful Links"), you will see the capital growth and rental returns that suit you pertaining to the New Zealand location you wish to purchase.

Remember all nonresidents must have a NZ tax file number before they can settle any New Zealand Property and must provide their overseas tax file number.

Remember there is NO STAMP DUTY and NO LAND TAX in New Zealand. You normally require your deposit for the property plus approximately NZ$1,500 legals to NZ solicitor to acquire a New Zealand property if you have a NZ or Australian passport/citizenship.

Refer to my "CASE STUDIES" on this website of many Australian residents, Ex Pat Kiwis living in Australia and overseas people investing or moving to NZ. There are many happy clients. 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

New Zealand Finance For Irish Living In Ireland or Emigrating

New Zealand Mortgages

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 18 New Zealand banks/lenders 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.

For 20 Years We Have Been Helping New Zealanders, Australians and Other Nationalities Find the Right Loan from the Largest Panel of New Zealand’s Leading Banks and Lenders

Home Loan Calculators And Currency Converters For New Zealand

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.

Find out more about New Zealand

Map of New Zealand

I Want A New Zealand Mortgages?
Where Do I start?

We have compiled a handy checklist of you so you can begin to understand the process involved in getting a New Zealand mortgage.

We the recommend you read the section about NZ home loans and then take a look at our case studies to get an idea of the wide range of people we have helped.

New Zealand Mortgage Can Help You:

  • Before you go to New Zealand.
  • During the procedures when you visit New Zealand.
  • Obtaining valuation from Registered Valuers in New Zealand to enable unconditional approval.
  • Ensure solicitor, bank, valuer and New Zealand Mortgages Solutions all help clients towards settlement.
  • Visit our useful links page for important websites you will find useful.

Media Releases by Mary O'Brien of New Zealand Mortgage Solutions

Click here to read more media releases.

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