RE: Overseas buyers & buying a property in NZ
Who can apply for consent to buy a property?
Since 2018, foreign buyers have been prevented from buying residential property in New Zealand. There is an exception for people who have made a commitment to living in New Zealand and hold a residence class visa.
To be considered ‘Ordinarily Resident’ a buyer must meet the following criteria:
- Hold a residence class visa, and
- Have lived in New Zealand for at least 12 months, and
- Been physically present in New Zealand for at least 183 days of the last 12 months, and
- Be a tax resident in New Zealand.
These requirements are strictly enforced and people who want to buy a home but are not New Zealand citizens need to understand the rules and be sure to follow them.
Last chance for tickets!
Don't miss out! For only $15 a ticket, you could win this brand-new, fully furnished Jennian home located in beautiful Cooks Beach, Coromandel.
Valued at over $1.2 million, this home features three bedrooms, two bathrooms, and an open-plan kitchen, living, and dining area. It is waiting to be loved by its new owner.
Make this property your permanent residence, a holiday home, a rental, or simply sell it!
Get your tickets today at heartlottery.org.nz.
This one was sent in by your fellow neighbour, can you figure it out?
What is first white then red and the plumper it gets the more the old lady likes it?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Here's Tuesday's teaser!
I’m found in socks, scarves, and mittens; and often in the paws of playful kittens. What am I?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Loading…
