Hi All,
Are there any restrictions on foreigners owning property in NZ? I know that here in OZ, foreigners need to go through the Foreign Investment Review Board for approval. If it is a second-hand home and after purcahsing, one is forced to leave Australia, the home needs to be sold within a period specified by the FIRB. New homes are not an issue.
Was wondering if similar rules applied in NZ? I am South African. Australian Resident for tax purposes but not Permanent Resident in OZ yet.
Cheers!
hi saffer
the only restrictions are if you are buying large areas of land , so unless you have $10 million or more to invest there is no problems.
The NZ investing experience is very easy.
regards westan
I live in New Zealand, for a fee find cash positive deals there, and now 15-25% Returns in the USA email me at [email protected] to join our database
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