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Why Invest in Auckland Property?
Auckland - the city of Sails. Auckland is the largest city in New Zealand with a population of 1.37 million, and growing twice as fast as the national average. Auckland has a spectacular harbour and breath-taking beaches (25 in all). Other notable features include its Sky Tower, Harbour Bridge, and the ritzy North Shore. Land constraints in the form of water either side of the Central Business District provide a vibrant inner city and very strong population inflows.
Forecasts for Auckland include very strong population growth and doubling of the city’s population by the 2050’s, enormous growth for an international city. According to Statistics New Zealand (Feb 2010) the population of Auckland city will exceed 2 million by 2031. With this influx of people comes high demand for Auckland rental property which will only continue to grow as this population soars. A shrinking supply of land available for development in central Auckland is also expected to drive demand, and therefore property prices, upwards.
Why purchase Auckland property?
- Auckland is growing 2 times faster than any other city in New Zealand
- Auckland officially has 33% of New Zealand's population
- Auckland has 30% of New Zealand's economic growth
- Ranked 4th best city in the world - 2010 Mercer Quality of Living Survey
- The demand for Auckland rental property is exceeding supply
- No Capital Gains Tax
- No Stamp Duties or land tax
- No Inheritance Tax in New Zealand
When purchasing Auckland investment property (or New Zealand property in general) as a non-resident; you need to think about the following:
- Which suburbs are better than others?
- Why does one area attract tenants over another?
- What when purchasing an Auckland investment property how important in net cash flow?
- What are capital gains and will taxation apply to a New Zealand propertysale?
- Do I need to be aware of other tax implications?
- What criteria do New Zealand banks have?
- Will I require a lawyer or registered valuer to purchase New Zealand real estate?
We have a dedicated sales team well versed in all of these areas (and then some). Click here to make contact today!
When you purchase an Auckland investment property with New Zealand Property Solutions you can be assured of a streamlined andtransparent process. We are experts in the Auckland property market! Please see our Free Investor Guide for further information.
To view our Auckland property investments click here.