What sort of Housing is Available?
When looking to immigrate to New Zealand, many people ask "What sort of Housing is Available?" Just like any other developed country in the world, there is a wide range of housing options. Everything from luxury waterfront apartments in the city through to rural farms in small towns and everything in between.
The average house prices are also varied throughout New Zealand. Central Auckland: NZ$ 600 000+, South Auckland: NZ$ 330 000+, Hamilton: NZ$ 335 000+, Wellington: NZ$ 448 000+, Christchurch: NZ$ 323 000+, Bay of Islands: NZ$ 408 000+.
When's a good time to buy a Home in New Zealand?
You can purchase a home in New Zealand at any point in time. You are not required to have residency to do this and can even obtain a mortgage before you become a resident. Home loans can be secured through a number of lenders on both fixed and variable rates generally over a 25 to 30 year period. Currently the average interest rate is 10% and lenders will usually lend up to 80% of the registered value of the property.
How do I find my dream home?
Most of the weekend and Wednesday editions of the major newspapers will generally supply an abundance of property listings, otherwise, you could take the computer-saavy option of looking online or just contacting a real estate agent.
Most New Zealand homes are generally built from a various range of materials such as wood, linear board and tilt up concrete. There are also companies who specialize in standard designs you can choose from or customize to some extent. Prices can vary anywhere from around NZ$1,000/m2 (average quality) to NZ$2,000/m2 (higher standards of finish).
Be Aware of the Leaky Roof Syndrome! In 2001 to 2002, there was a housing market boom where consumers demanded cheaper houses resulting in an excess amount of work for both builders and property inspectors alike. In order to fulfill demands, the cheaper homes were produced with poorer quality, creating the "leaky home syndrome". - 16752
When looking to immigrate to New Zealand, many people ask "What sort of Housing is Available?" Just like any other developed country in the world, there is a wide range of housing options. Everything from luxury waterfront apartments in the city through to rural farms in small towns and everything in between.
The average house prices are also varied throughout New Zealand. Central Auckland: NZ$ 600 000+, South Auckland: NZ$ 330 000+, Hamilton: NZ$ 335 000+, Wellington: NZ$ 448 000+, Christchurch: NZ$ 323 000+, Bay of Islands: NZ$ 408 000+.
When's a good time to buy a Home in New Zealand?
You can purchase a home in New Zealand at any point in time. You are not required to have residency to do this and can even obtain a mortgage before you become a resident. Home loans can be secured through a number of lenders on both fixed and variable rates generally over a 25 to 30 year period. Currently the average interest rate is 10% and lenders will usually lend up to 80% of the registered value of the property.
How do I find my dream home?
Most of the weekend and Wednesday editions of the major newspapers will generally supply an abundance of property listings, otherwise, you could take the computer-saavy option of looking online or just contacting a real estate agent.
Most New Zealand homes are generally built from a various range of materials such as wood, linear board and tilt up concrete. There are also companies who specialize in standard designs you can choose from or customize to some extent. Prices can vary anywhere from around NZ$1,000/m2 (average quality) to NZ$2,000/m2 (higher standards of finish).
Be Aware of the Leaky Roof Syndrome! In 2001 to 2002, there was a housing market boom where consumers demanded cheaper houses resulting in an excess amount of work for both builders and property inspectors alike. In order to fulfill demands, the cheaper homes were produced with poorer quality, creating the "leaky home syndrome". - 16752
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