'Buying NZ Property – Download the free sample readings!

NZ presents some of the most alluring property in the Western World; particularly given the greater easy of residency, the low cost of property, and the liveability of the country. In addition, there is no capital gains tax, transfer taxes, VAT/GST or wealth taxes in NZ, so rest assured that NZ property is tax-effective! Learn more now!

New Zealand Property Report 2010 - Download the table of contents or buy this 180-page report at our online store for just $US19.95.


Showing posts with label Moving to NZ. Show all posts
Showing posts with label Moving to NZ. Show all posts

Monday, January 31, 2011

Australia vs NZ - the immigration stakes raised

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Want a sense of which way the 'net migration' picture is moving in NZ - read this story in the NZ Herald. NZ will have its day, though it might have to wait a few more years. The notion that you need an income of $150,000 to live in Australia strikes me as utter nonsense. The cost of food in NZ and Australia is better in Australia, particularly after the increase in the NZ GST to 15%. Maybe that was the final straw for the NZ government. They ought to have cut into welfare rather than raise the GST. Anyway, they might be wise to reconsider effectively taxing immigration...as they are driving migration to Australia.
You can rent a place in Artarmon, Sydney for $370 per week. If you are sharing, that is a modest $750 per month. You can therefore live comfortably in Australia for anything over $50,000. In fact most immigrants from NZ would be making $80,000 plus.

Wednesday, December 1, 2010

New discount airline entrant to NZ - AirAsia X

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Good news for New Zealanders! AirAsia X, a Malaysian-based discount airline is flighting from Kuala Lumpur to Christchurch. The airline will start taking bookings from the 3rd Dec 2010 for flights from 1st March 2011. The promotion is offering flights for $99 plus taxes, which I guess will be around $150, so $250 each way. The problem is that AirAsia X and its competitor, Tiger Airlines, which only flies to Melbourne and Perth often offer a very cheap single route, so you pay full price for the return. This is a problem if immigration at your destination country requires an outward-bound ticket. Its fine if you are leap-frogging because you need only have '1 leap' booked ahead, but that's lost flexibility.
I have yet to fly AirAsia X, but like a lot of discount airlines, expect to pay extra for food, beverages, checked baggage, excess baggage and ticket changes. These airlines offer a lot of discounts, so its worth waiting for a good deal. Consider the options:
1. Jetstar - flights from Auckland or Christchurch to Melbourne, Sydney, Gold Coast, link to Jetstar or AirAsia X in Gold Coast or Melbourne for flights to Asia.
2. Jetstar - from Auckland direct to Japan (Osaka or Tokyo-Narita). Some discount airlines fly to/from Japan. i.e. Cebu Pacific, and Chinese airlines from Haneda Airport (Tokyo).
3. Air NZ - they offer cheap Asia flights for two in twin-ticket sales through the TradeMe website.
4. AirAsia X - they fly Christchurch to KL (Malaysia), with links to Japan, China, Thailand, the Philippines, Indonesia, etc.
5. Pacific Blue - their prices are generally not as competitive as Jetstar, but they do have sales, so worth a look. They are appealing for flights from Wellington to the East Coast of Australia.

More discount airlines for NZ is great news because it has been difficult for travellers to fly to NZ from Asia. Air NZ offers great service, but you pay for it. Jetstar and Pacific Blue also offer comparable service cheaply, but they have limited offerings. Wellington only offers a limited number of destinations because of its smaller airstrip. i.e. Confined to smaller planes. When booking flights from Wellington, unlike the other airports, they do not add their airport tax to the ticket price. This is wrong to me because passengers should be treated the same.

Monday, September 6, 2010

Should you immigrate to Australia or NZ?

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Someone used our Gtalk chat feature to ask me if they should move to Australia or NZ. This is never a simple question, and of course it depends on your personal context.
My experience to answer this question comes from living in NZ two years and Australia 30 years. My response is that:

New Zealand is best if you are a retiree looking for a place to live out the last remnants of your life. Some people from the UK are particularly keen on this option because they live in the UK in summer, and NZ in summer. Regardless, NZ is appealing because it has good services, idyllic lifestyle, favorable tax laws for expatriates (4yrs tax free on passive offshore income), similar climate and low currency. Houses here are cheap, most particularly if its only a summer house. If you are buying a house as a permanent residence, make sure you get one which is insulated, as many are not. I personally like the old Federation homes, and they withstand the earthquakes better.....particularly those on concrete or wooden piles as they have been stress release. Avoid houses built on sand as the sand suffers liquefaction during any earthquake, so your house sinks into it. e.g. Christchurch being a case in point. Having said that, NZ is far less vulnerable than Japan. The population of NZ is fairly static, but it grows nominally in the major cities.

Australia I thinks more sense if you are looking for a warmer climate, you are looking for work, and you want to introduce family to a more progressive society. The appeal of Australia is that the average income is 30% higher than NZ, and the job skills level is probably higher there, and you are more likely to get a job.

If you are an immigrant in Asia, you will experience less discrimination in Australia, and I think still less so in the cities. It is still rare to see Asians in professional services, and where they are, it tends to be in banking & accounting. So those glass ceilings are still there.

Be careful going to some forums for opinions because people are inclined to mislead. I was thrown out of a NZ forum for suggesting Australia was better in a number of respects. The reason of course is that those people want you to share the 'pain' of living in NZ. But that I don't mean to imply that NZ is a bad place to live, I mean to say that for salary earners its worse, and hard to justify. I frankly prefer the NZ lifestyle if you like the country town life. If you like cities then I'd probably live in Tokyo or Sydney, as I have done before. If I wanted to live on a beach, it would be in Port Macquarie, Port Stephens or Stockton (Newcastle), NSW, Australia.
The population of Australia is growing 1-2%, with most of those people going to the major cities, so the cities are probably growing in population by 4%. The government has long restricted property zoning so property prices are set to stay high....so you will be a slave to an expensive house, but in the long term it will appreciate. The country is well-endowed with minerals and energy, which makes for easy money for a nation of just 21mil, so its an idyllic place to raise a family, knowing mining royalties will underwrite the welfare state. Mind you, such benefits tend to undermine personal motivation.
NZ is wetter and greener, Australia is generally dry with endless blue skies. Australia has 42,000 white sand beaches, most of them uninhabited. NZ probably has 50 white sand beaches, and its mostly too cold to swim at the black ones. NZ has wonderful gardens, Australia for beaches. Australian facilities are better developed, i.e. parks, bush walks, etc. NZ is not so developed. Hardly any roads and aside from your standard tourist 'extreme sports' and town clubs, there is very little to do.
Having said that, there is plenty of cricket, rugby, tennis clubs, etc. I even found a philosophy group in my town, but its all foreign immigrants....no NZ'ers.

Hope that helps. Might think of more to say. Australia for the money. NZ for dying. :) Or a dislike of Australians.
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Tuesday, March 16, 2010

Researching property online in NZ

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Need help buying property in NZ?
If you are researching property in NZ here is a useful tool for reviewing population, income, education and other particulars for the households in each district. Its old data but it provides a useful guide. Refer to this blog entry. These are particular useful tools for foreigners with little knowledge of NZ.

Friday, January 1, 2010

How to move to NZ

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Many people are considering a move to NZ. They are either seeking a change, wanting a better life for their kids, resentful of the nation's trends, or otherwise just seeking an adventure for a few years. NZ is certainly an attractive option, though it is not without its drawbacks, so consider the following.
1. Cost of returning: Before moving to NZ consider that you might not like the place. For this reason think carefully before selling your house, disposing of your possessions, placing your dog in quarantine, or shipping your possessions. Even if you don't like NZ and decide to go to Australia (if you can), the costs of moving are just as exorbitant.
2. Exchange rates: The NZD is relatively high at the moment because of the perceived positive outlook for commodities. This outlook is likely to come under challenge in coming years as interest rates rise and global demand cools. Interest rates are low in absolute terms, but given the high levels of household debt in Western markets, people are more vulnerable to higher rates, so demand is more sensitive. This is particularly the case because governments will need to retain bracket creep in order to fund their programs.
3. Research: The first step is to carry out all the research possible. Its not just a case of understanding NZ, but knowing the alternatives. Australia offers a similar but different experience, and there are many other countries besides. You might like the current NZ prime minister, but this is a transient phenomena, so look for longer term trends if you are seeking longer term residency/citizenship. Refer to our NZ Property Guide.
4. Employment: The next step is for the primary income earner to get a job in NZ. There is little point coming to NZ if you have not lined up a job. NZ is a hard country to get a job because, aside from your cultural disadvantages, the local job market is stagnant. You need to ensure you have benefits to offer and that there is market acceptance of your value. Get the job first, even if that means traveling to NZ for a few months. The best thing to do is to take several months off work and travel to NZ to look for work. Most employers will however only look at you if you have a working permit, so be mindful of that. They are probably goal-orientated like you. You will need to establish where you will live. This is hard to do if you have yet to secure a job. Know your options. Most people are likely to end up in Auckland, Christchurch, Hamilton or Wellington, though some of you will be seeking a lifestyle (rural) change.
5. Buying a car: You might come to NZ and not like the place, but why not treat the trip as a holiday anyway. My advice is to get an international drivers licence so you can buy a car. Some of you will know already where you want to live, so you will just want a car for commuting. I recommend going to a car auction house like Turners. I picked up a car there for $3000 and sold it a month later (after driving around NZ) for $4500 in the private market. This will allow you to convey to a real estate agent you are serious about buying a home. If you don't know where you want to buy in NZ, then you might want to campervan around the country. If you are a single person, the cheapest approach is buying a delivery van, and add all the features you need to live short term. You can also use this van to buy and deliver all your basic necessities. There are a number of vans you could look at - Holden Combo, Citroen, Mercedes Transporter, VW Caddy, etc. You should be able to find one of these for under $NZ5000.
6. Renting: It never makes sense to buy before you know a place. It can be expensive staying in a city for a few months. If you are looking for flexible, renting space, I suggest you contact real estates in those areas where you are interested in, and ask if they have a place for rent short term. Most property owners would like a tenant whilst selling a property, particularly a short term tenant willing to accept higher short term rent. Its a good opportunity for you to understand the community, life in NZ, and it will allow you some flexibility if you decide to move to another area. I rented a beach-side 1br house for $120/week. Much cheaper than the $70/night in the local hotel and I offered him a weeks notice to move. I was interested in buying the place, but it was handy accommodation even if he rejected my offer.
7. Family move: Only after you have secured a job would I consider moving the family. At this point you might want to look at longer term accommodation (>6mths), as your family will need to determine whether they like the country. I would be inclined to rent the family home in your home country until your family is satisfied. The exception of course is if you are selling in a falling housing market. Also consider the exchange rate. Renting a furnished house is otherwise the way to go. The merits of shipping all your home possessions will depend on its value. The home furnishings market is more competitive in the USA than NZ, so it might be better to ship if you buy high end furnishings.
8. Buying a home: A year after you arrive, you will have some idea of how much you like NZ. Hopefully you will have taken the opportunity to travel to Australia too to decide if that country suits your lifestyle and career values. That is best done on your way to NZ, or before moving your family.

'Buying NZ Property – Download the free sample readings!

NZ presents some of the most alluring property in the Western World; particularly given the greater easy of residency, the low cost of property, and the liveability of the country. In addition, there is no capital gains tax, transfer taxes, VAT/GST or wealth taxes in NZ, so rest assured that NZ property is tax-effective! Learn more now!

New Zealand Property Report 2010 - Download the table of contents or buy this 180-page report at our online store for just $US19.95.


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