WHAT MAKES NEW ZEALAND ATTRACTIVE FOR FOREIGN PROPRTY INVESTMENT?
Tax Efficiency
NZ is one of the few western democracies where capital gains are not taxable. Thus selecting a property in the right location is paramount to maximise the gain if and when that property is eventually sold. The difference between original cost and the ultimate sale price will not attract tax unless the property was acquired with the intention of resale.
Government Requirements
Consent is only required from the Overseas Investment Commission for an overseas person to acquire land in New Zealand if the land exceeds 5 hectares.
Scenery and Climate
With four distinctive seasons, the climate in New Zealand ensures that the scenery is ever-changing and always spectacular. In the South Island, the rolling greens and bright colours of Spring and Summer turn to a shimmering golden in Autumn, before the winter snow arrives on the Southern Alps creating a majestical white canvas. Warm summers and colder, crisp winters give way to a large range of outdoor activities, perfect for family living.
Cost of Living
New Zealanders enjoy a comfortable lifestyle and a low unemployment rate has ensured that there is a very large middle class in the population. Necessary commodities such as fuel, food and utility bills are easily affordable and medical assistance is quite reasonably priced. The government provides financial relief in this instance through the ACC (Accident Compensation Corporation), which covers either wholly or partly medical expenses associated with accidents or injuries that occur at work or at home.
General Overview
Those that have visited New Zealand are always awestruck by the natural scenery, the hospitality and good nature of the people and the pure cleanliness and stability of the living environment.
When asked, "what would you most like to inherit?" Moby Dick replied, "New Zealand."
(GQ UK Magazine)
"I think every person dreams of finding an enchanted place with beautiful mountains and breathtaking coastlines and clear lakes and amazing wildlife but most people give up on it, because they've never been to New Zealand."
Former US President, Bill Clinton