Ouch that does seem excessive!!

If you see the commercials on telly you get the distinct impression you can get into an inner city apartment for as little as $245k (avg $375k).

I had a friend renting a 2brm/2bath/1car apartment in a building called Cathedral Place in fortitude valley. The rent was $280 p/w and this building was pretty flash.

I…[Read more]

its true!

No poxy stamp duty on purchases, closing costs for the purchase of a property usually around $1100. I’m pretty sure there is no CGT either!

And since there are no termites in NZ there is no need for annual pest inspections and the council rates can be as low as $600 p/a.

Tho the massive influx of aussie investors and the domestic…[Read more]

Hi Hux001

Yep there certainly has been a buying frenzy in NZ.

I come from a town called Palmerston North. this a university town in the lower north island.
I’ve been living in SE QLD since the start of 2000 and when i got here i couldn’t believe how cheap houses were here in brizzy compared to my home town of 80,000 residents. As i saved for a…[Read more]