All Topics / The Treasure Chest / DID U KNOW?

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  • Profile photo of JohnBoy2JohnBoy2
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    @johnboy2
    Join Date: 2003
    Post Count: 5
    June 20, 2003 - 3:04 am

    Foreign investors to NZ get access to credit to 69% of market value with no query as to income or credit worthiness.

    March qtr 2003 av. cost of home in NZ was only
    NZD $203,000…not bad.

    “Every man is an impossibility until he is born.”
    -Ralph Waldo Emerson

    Profile photo of DavidUDavidU
    Member
    @davidu
    Join Date: 2001
    Post Count: 101
    June 20, 2003 - 4:17 am

    Hi

    Could you elaborate a bit more?

    Thanks

    David U

    Profile photo of mariner31mariner31
    Member
    @mariner31
    Join Date: 2003
    Post Count: 5
    June 20, 2003 - 4:40 am

    For the Australian Investor, the figures sound good at 177,145.25 AUD.

    Another good thing about NZ is that there is no CGT or Stamp Duty I beleive. And a depreciation rate almost double that of OZ.

    Regards,

    Peter.

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