What Types of Housing are Available?
One of the first questions people ask when looking at immigrating to New Zealand is "what housing options are there?" Like any other developed country there are a range of housing options within New Zealand. You can find anything from luxury waterfront apartments through to rural "lifestyle blocks" (a couple of hectares for a few horses) and everything in between.
The average prices vary throughout the country. Here's a current listing of prices. 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 buy a home in New Zealand at anytime; you do not need to have residence. You can even obtain a mortgage before you are a resident. Home loans are available from a number of lenders, on fixed and variable rates typically over a 25 - 30 year period. Average variable interest rates are around 10%. Lenders typically lend up to 80% of the registered valuation of the property.
How do I find my dream home?
Generally, the Wednesday, Saturday and Sunday editions of many major newspapers will have property listings, or you could try searching online and/or 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$2,000/m2 (higher standards of finish).
Beware the leaky roof syndrome! In 2001 - 2002 building boom resulted in an oversupply of work for builders and property inspectors to keep up with. This coupled with consumer demand for cheaper houses resulted in some poorer quality houses being built. This resulted in a few homes developing the "leaky home syndrome" you may come across.
One of the first questions people ask when looking at immigrating to New Zealand is "what housing options are there?" Like any other developed country there are a range of housing options within New Zealand. You can find anything from luxury waterfront apartments through to rural "lifestyle blocks" (a couple of hectares for a few horses) and everything in between.
The average prices vary throughout the country. Here's a current listing of prices. Central Auckland: NZ$ 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 buy a home in New Zealand at anytime; you do not need to have residence. You can even obtain a mortgage before you are a resident. Home loans are available from a number of lenders, on fixed and variable rates typically over a 25 - 30 year period. Average variable interest rates are around 10%. Lenders typically lend up to 80% of the registered valuation of the property.
How do I find my dream home?
Generally, the Wednesday, Saturday and Sunday editions of many major newspapers will have property listings, or you could try searching online and/or 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).
Beware the leaky roof syndrome! In 2001 - 2002 building boom resulted in an oversupply of work for builders and property inspectors to keep up with. This coupled with consumer demand for cheaper houses resulted in some poorer quality houses being built. This resulted in a few homes developing the "leaky home syndrome" you may come across.
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