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44,000 Reasons Not to Buy Property in Haste in New Zealand
Not only is the government keen to crack down on tax breaks in New Zealand to make property investing less attractive, tens of thousands of homes in the country are leaking as a result of poor construction methods and materials
Published in: Property in New Zealand - Thu, December 03, 2009
The buy-to-let offerings in New Zealand can seem pretty attractive: when you factor in relatively strong demand in most urban areas, healthy rental yields and plenty of tax perks you can get upwards of a consistent 8% on your investment at the moment. Which, when your savings account is probably only offering you 1% at best at the moment, can seem highly attractive.
However, the Finance Minister has been talking tough about those who’re getting rich off the back of buy-to-lets in New Zealand and threatening tax reforms, which may make it less attractive to be a property investor in New Zealand going forward.
You can then add to that the fact that apparently 44,000 homes newly constructed over the past 10 years all leak because of poor building standards and the incorrect use of what are unsuitable materials in New Zealand, and you have at least 44,000 reasons not to buy any property in haste in New Zealand at the moment.
New Zealand Property Prices Back to “Fair Value”
Published in: Property in New Zealand
Fri, April 24, 2009
Property Prices in New Zealand are Falling
Published in: Property in New Zealand
Tue, November 11, 2008
Bad News for the Property Market in New Zealand
Published in: Property in New Zealand
Thu, June 05, 2008
Best Places for North Island Property in New Zealand
Published in: Property in New Zealand
Tue, May 13, 2008
Renting a House or Apartment in New Zealand
Published in: Property in New Zealand
Wed, February 20, 2008
New Zealand Property Growth Still Slowing
Published in: Property in New Zealand
Sun, November 25, 2007
New Zealand Property Appeals Despite Slowdown
Published in: Property in New Zealand
Tue, October 30, 2007
Buying Property in New Zealand More Affordable
Published in: Property in New Zealand
Fri, October 12, 2007
New Zealand Property Market Remains Weak
Published in: Property in New Zealand
Tue, September 18, 2007
Property Abroad Categories
Buying Property Abroad
Keeping readers up to date with the latest property related news from around the world, and specifically focusing on buying property abroad safely
Featured Property Abroad
Featuring prestigious property developments and homes for sale around the world, and featuring new investment property hotspots and their associated buying processes
Property in Australia
Exploring the property market across Australia, identifying any real estate investment hotspots and examining the property buying process
Property in Belize
Looking at property for sale and rent in Belize, and discussing the purchase process and investment prospects
Property in Bulgaria
Examining whether buying property in Bulgaria is still a good investment choice, and exploring how expats can buy and own real estate
Property in Canada
Opening up Canada’s property market and real estate investment prospects for interested buyers and investors
Property in Dubai
Exploring the sometimes volatile, always exciting property market in Dubai: introducing foreign buyers to the real estate purchase process and property laws in the UAE
Property in France
Discussing all elements of buying a property in France – from where to buy to how much to spend
Property in Ireland
Detailing the highs and lows of Ireland’s property market for expats and real estate investors
Property in Italy
Examining the property for sale in Italy and explaining how buyers and investors can purchase a home or investment property safely
Property in New Zealand
Property in New Zealand is available for sale at prices to suit all budgets, but we show you where to buy which real estate and how the buying process works
Property in North Cyprus
Bringing you the truth about property in North Cyprus, why it can be an exceptional investment, and how to ensure you buy safely and get your title deeds
Property in Portugal
From the Algarve to the Silver Coast, from beachfront homes to investment golf properties, there are all sorts of property for sale in Portugal
Property in Spain
Exploring the ins and outs of buying and owning a property in Spain as an investment choice or as a home for life for example
Property in Turkey
Opening up the property market in Turkey for real estate investors and those seeking a new home in a stunning nation
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