Nevermind the people, NZ holds a lot of appeal for Australians. The country has fewer people than Australia so its even cleaner and relaxed than Australia. NZ has also picked up a lot on the cultural side as well. There are now a lot of nice restaurants and pubs, even if eyes are polarised are polarised on TV screens. I can hear them saying 'You would be too if you were winning the footy'. Well I dont care about such things. The other pressing reason for buying NZ property is:
With NZ interest rates fairly high, it makes me wonder if there is an opportunity in foreclosed properties in NZ, with the other opportunity to capture the benefits of a strong AUD. The AUD is yet to reach its highest, but it might make sense to start looking now. I wonder if there is any problem borrowing money in AUD to buy property in NZD. I have not heard of this. I can tell you that I was handing out $A notes in Auckland because the country felt the same as Australia. We even share banks.
Andrew Sheldon www.sheldonthinks.com