Further to my initial post "Am I in the right place"
My wife and I holidayed in NZ the beginning of last year for approx. 5 weeks. This was my wife's first visit there, and my first since 1965!
We spent our time travelling and sightseeing the length of the country, staying at B & B's, Top Tens and Friends, as time would allow. Also while we were there, we made it a point to stop at the local estate agents' offices in most of the towns we visited, to gain as much info as possible vis a vis prices, locations and some suggestions as far as the possiblity of letting out for half the year.
It appears to be a much better proposition to purchase vs rent, especially if we are able to finance a chunk of our expenses for the time we are there, through the income from the property the rest of the year.
More than likely if we are able, we would be considering Northland, preferably on the edge of a smaller town.
From what I have been able to ascertain so far, it is permissible and relatively uncomplicated for foreigners to purchase property as long as the property does not fall into a restricted category.
We are at the stage now where we are attempting to get started "laying the groundwork" by beginning to concentrate a little more on the "nitty gritty" as it were...We are hoping to return early in the coming New Year (optimistic) or possibly the following year, to do some serious shopping around and possibly consider a purchase of some kind. I will have to have a fairly detailed "game plan" in place for that occasion, as we will have little time (4 to 5 weeks)to take care of business.
Any further insights, suggestions or info as to how the system
works would be greatly appreciated.
Thanks,
Rob