Investment apartments for sale in Auckland CBD - high rental yields/returns
New Zealand is famous for its clean, green environment, with magnificent mountains and sparkling waterways. At the same time, New Zealand is a dynamic first-world society with sophisticated cities and a vibrant arts and cultural scene.
The New Zealand Government actively encourages overseas investors to invest in New Zealand, recognizing the important contribution foreign investment makes to the development of New Zealand's industry, resources and community.
New Zealand is famous for its clean, green environment, with magnificent mountains and sparkling waterways. At the same time, New Zealand is a dynamic first-world society with sophisticated cities and a vibrant arts and cultural scene. The index of economic freedom (complied by the Wall St Journal) ranks New Zealand third out of major OECD nations. This takes into account openness of trade policy, tax rates, monetary policy, wages, unemployment, inflation levels, investment flows and regulation.
New Zealand has strong population growth due to its progressive immigration policy and birth rates. Many parts of the country are experiencing housing shortages translating into strong tenant demand and price growth. This trend is expected to continue with recent population projections by the New Zealand Department of Statistics forecasting up to 64% growth over the next 17 years. Auckland City is predicted to almost double its population in the next 40 years. For property investors, this represents outstanding potential growth in demand and return on investment. New Zealand's property prices are also relatively undervalued compared to its closest neighbor Australia.
New Zealand is an investment friendly country with no stamp duty, mortgage stamp duty, land tax and property purchase tax. Some countries (eg. Australia), require property buyers to pay stamp duty tax, up to 3-4% of the purchase price! New Zealand also has comparatively high depreciation rates, making a New Zealand investment property even more tax effective.
New Zealand's property prices are relatively cheaper than its major trading partners and most OECD countries. Offshore investment is in its infancy however the level of interest is increasing as more and more people hear about the fantastic growth and income opportunities.
Most large cities around the world experience solid capital growth but lack the rental returns. New Zealand boasts solid rental yields in its major cities which is fantastic for an investor seeking a capital growth orientated market whilst still maintaining a good cash flow position.
The New Zealand dollar has traditionally been weak against the Australian dollar, US dollar and UK Pound Sterling. These favorable exchange rates make New Zealand property even cheaper for overseas investors.
Buying from overseas is simpler than it sounds. The New Zealand Government has no major barriers for overseas property investors. The Government encourages foreign investment to help meet the growing population's increasing demand for property. New Zealand has no restrictions on selling back to non residents.
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