South Island Autumn

Autumn in New Zealand means for 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. It is a 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 2017. First and most important was New Zealand winning the America's Cup again!! Second the All Blacks winning the Bledisloe Cup yet again!!! Third was a new Labour Coalition Govrenment formed in September 2017. This Government has plans to ban foreign buying of "existing" homes from early 2017. The exception will be Australian citizens, as they have the same law pertaining to New Zealanders being able to purchase existing and new Australian property.

Financially from 1 January 2018 the Reserve Bank of NZ has announced that "investment" lending change from 60% to 65% finance (in other words a 35% deposit for investors). Owner Occupiers are 80% finance, but it lifted its "speed limit" on high LVR lending over 80% from 10% to 15% of all bank lending.. The exemptions are new land and construction for investors LVR is 70% for nonresidents and 80% residents. Since the Reserve Bank brought in the new law in October 2016 the housing market has quietened down in recent months.

GDP for Q2 (June 2016) was 2.8%.

Unemployment Rate for Q3 2017 was 4.6 down from 4.9% in Q3 2016.

New Zealand Banks' Policy on lending to residents and nonresidents earning foreign income is that there will be no future lending if you are who are not New Zealand or Australian citizens or do not have New Zealand Permanent Residency.

Since 2016 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.

Property Market - New Zealand average median house increased 6.4% in November 2017 to $663,698, Auckland Region Amazingly Decreased for first itme in years -0.5% to $1,045,741,(Nov 2016 12.8% increase $1,051,387), Tauranga increased 3.3% to $687,310 (2016 26.5% $665,155), Wellington Region increased 9.8% to $621,289 (Nov 2016 20.6% $565,631), Nelson increased 13% to $553,052 (Nov 2016 15.4% $489,338). Christchruch decreased 1.5% to $493,899 (Nov 2016 increased 4.3% to $501,229), Queenstown Lakes District increased 10.5% to $1,105,213 (Nov 2016 32.2% to $1,000,205) and Dunedin increased 13.1% to $386,326 (2016 Nov increased 11.4% to $341,604). So you can see the October 2016 Reserve Bank LVR Finance going down to 60% has affected most areas of New Zealand, particularly Auckland and Christchurch.

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.

All investors for NZ investment property must be aware of the law "Bright Line Test" whereby all investors who now purchase residential NZ property with the intention of selling and making a gain within the first 2 years will require income tax to be paid on any gains and will be taxed at the seller's normal income tax rate (refer to your NZ Accountant)/

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 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.

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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