I lived in Wellington New Zealand for around 12 years and what I can say on that experience.
1. Its very hard to find a property even with 2 Bed for around 300 K in major cities like Auckland or Wellington. But definitely available in bit far away from major cities . But not sure how the rental demand will be for those properties
2. Most of the properties in New Zealand will be good cash positive compare to here but capital gain will not be so good as here.(still you will get a considerable gain if you buy from one of a major city.
3. I personally did a mistake by selling my 3 Bed property when I moved here. I bought it for 390 K and the rent per week was 470 per week by then. Now after near 4 years those properties are worth around 490 K. Even its not a big gain still I believe its ok as the property could even make a small profit every month.
