Housing

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New Zealand proudly boasts one of the highest home ownership rates in the world. Housing in New Zealand is very affordable compared to numerous other countries however the amount you should expect to pay for a house depends where in New Zealand you choose to settle.

Migrants to New Zealand considering living in Auckland may discover that the average house price is approximately NZ$499,500 however another new immigrant who is thinking of purchasing a property in Southland may discover the average price is only approximately NZ $349,500.

The New Zealand housing lifestyle is diverse ranging from urban old style villa homes to new suburban townhouses and the increasing trend of inner city apartment living. Most people who buy or build their own home borrow some money from their bank – this is referred to as a mortgage. Some New Zealand banks may let you borrow up to 95% of the valuation price of a property, however this depends on the individual banks’ criteria, your credit history, amount you can afford for mortgage repayments and how much deposit you have.

The majority of NZ property is sold through real estate agents who work for the vendor (person who is selling property). The agent charges the vendor a fee based on a proportion of the selling price of the property.

Most new migrants choose to rent a home in New Zealand until they have decided exactly where they would like to settle. Where you choose to buy a home may depend on factors such as schooling areas, job opportunities, what type of neighbourhood environment you enjoy and also the cost of houses for sale in different areas. Rental prices are higher in larger cities or where there is a shortage of rental properties, the average rental price in Auckland is a lot higher than any other city in New Zealand.

By | 2016-11-26T18:57:38+00:00 September 10th, 2014|Cost of Living|0 Comments

About the Author:

Danny de Hek

Like most people, I have many passions, goals and dreams. As a self made business professional, my focus is helping my clients, associates and friends, build, strengthen and maintain their success. It would be fair to say I am in the full time business of building relationships and feel my purpose and skill is connecting the right people with the right people.

My professional work tends to dominate my personal life, to the horror of my partner and business mentor. They both fully support me yet give me the hard truths when I need to hear this. I am always investing in my personal development to have a fulfilled work/life balance. I enjoy Target Shooting, Hiking & Mountain Biking to clear the brain and to take the guilt away when indulging at a quirky cafe for a cooked breakfast or brunch.

My passion for travelling has seen me experience the world on many occasions, my next adventure will be doing the Tibet Rail Journey on the Qinghai-Tibet Railway from Lhasa to Golmud as long as they have Wi-Fi aboard ;-) I have many goals I still wish to achieve but am pretty chuffed that I have accomplished so many of these already.

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