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Buying property in New Zealand as a foreigner can initially seem challenging, but with the right knowledge and resources, it can be a smooth and rewarding experience. New Zealand offers a unique lifestyle that attracts people from around the world, and areas like Queenstown, Wānaka, and Cromwell showcase why it’s so appealing.

Australians interested in investing in New Zealand property have numerous options to explore. Custom Mortgages is a specialized company that assists Australians in purchasing property in New Zealand by offering financing solutions tailored specifically for foreign buyers.

The proximity of Queenstown and Wānaka to ski resorts and their natural beauty make them particularly popular choices among Australian investors.

For Singaporeans looking to buy property in New Zealand, it’s important to be aware that the process may take longer due to regulations regarding overseas investment. However, the stable economy and stunning landscapes found in places like Cromwell or Wānaka make the wait worthwhile.

Whether you’re an Australian citizen or a Singaporean interested in buying property in New Zealand for investment purposes, there are abundant opportunities available. The warm and welcoming culture, coupled with the breathtaking scenery, makes owning property in this beautiful country truly exceptional.

Key Takeaways:

  • Buying property in New Zealand is a great investment opportunity for foreigners, including Australians and Singaporeans.
  • Foreigners must obtain approval from the Overseas Investment Office (OIO) before purchasing sensitive land or property.
  • Australian citizens or permanent residents are generally exempt from the OIO requirement due to the Trans-Tasman agreement.
  • Different types of properties are available, including apartments, townhouses, and spacious homes with land.
  • Prices vary based on location.
  • Careful planning and research are essential for a successful property investment in New Zealand.
  • The country’s stunning landscapes and friendly locals make it an attractive choice for foreign investors.

Buying Property in New Zealand for Foreigners

If you’re a foreigner planning to buy property in New Zealand, the process is generally straightforward and supported by government policies aimed at attracting overseas buyers. Investing in property in New Zealand is often considered a way to diversify investment portfolios, and the government has implemented measures to facilitate foreign ownership.

However, it’s important to be aware that certain restrictions may apply if you’re not a resident of New Zealand or Australia, particularly regarding properties designated as “protected” under the Overseas Investment Act. Despite these restrictions, there are still plenty of options available for foreigners looking to invest in New Zealand property.

Financing your purchase is also manageable, as many banks in the country have lending policies that cater to foreigners seeking property loans. To navigate the financing process more effectively, you may consider working with specialized mortgage brokers like Custom Mortgages who have expertise in assisting foreigners with their financing needs. Before making any investment decisions, conducting thorough research on the local market is crucial.

While popular areas like Queenstown and Wānaka can be pricey and competitive, there are emerging locations like Cromwell where property prices may be more reasonable. Overall, buying property in New Zealand presents an excellent investment opportunity for foreigners looking to diversify their portfolios and enjoy the country’s remarkable natural beauty. With the accessible financing options that Custom Mortgages provides, exploring the New Zealand property market can be a rewarding endeavor.

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Buying Investment Property in New Zealand

Purchasing an investment property in New Zealand can be an excellent choice for those seeking portfolio diversification and potential rental income. While the process may appear daunting, especially for foreigners, there are numerous resources available to provide guidance. Queenstown is a popular area for investment property in New Zealand.

This picturesque town is renowned for its breathtaking natural beauty and thriving tourism industry, making it an enticing location for those interested in investing in vacation rentals or short-term accommodation. However, the high demand also translates to higher prices, necessitating thorough research and collaboration with professional real estate agents who can help find suitable properties within your budget.

Wānaka, an emerging area for investment property, offers a more relaxed lifestyle while still being in proximity to popular tourist destinations. This small town near Queenstown has experienced substantial growth in recent years and offers a diverse range of properties, including apartments and houses, catering to various budgets.

When purchasing investment property as a foreigner in New Zealand, it’s essential to comprehend the legal requirements and potential tax implications. Engaging the services of a local mortgage broker like Custom Mortgages can prove beneficial in navigating these complexities. Additionally, Australian citizens may enjoy certain advantages when investing in property in New Zealand due to the Trans-Tasman Treaty, which permits Australians to live and work in New Zealand without the need for visas or permits.

In summary, making a well-informed investment in property in New Zealand can yield significant financial benefits. With stunning locations like Wānaka and Queenstown attracting global tourists, owning an investment property has the potential to be both profitable and enjoyable.

Foreigner Buying Property in New Zealand

Foreigner Buying Property in New Zealand

The real estate market is stable, offering vast land and breathtaking landscapes that contribute to an excellent quality of life. However, buying property as a foreigner can be challenging if you are unfamiliar with the legal requirements.

If you are an Australian citizen buying property in New Zealand, rest assured that you are exempt from most restrictions due to Australia’s special status. However, if you are from countries such as Singapore or any other non-exempted nation, navigating the property purchase process can be more complex due to potential restrictions.

When it comes to financing your dream home or investment properties, Custom Mortgages, with offices located in Cromwell, Queenstown, and Wanaka, specialises in providing tailored solutions for both Australian and foreign buyers. Their team of experts offers invaluable advice on navigating the intricate mortgage regulations associated with purchasing property as a foreigner. While there may be regulations and restrictions, numerous real estate agents specialize in assisting foreigners in finding their ideal homes or investment properties.

Popular destinations like Wānaka and Queenstown offer ample opportunities for foreigners seeking prime real estate options. The process of buying investment properties may seem overwhelming, but with the right guidance and a supportive system by your side, the journey becomes less stressful. Experts like Custom Mortgages take care of every detail, allowing you to focus on enjoying your new home without unnecessary worries.

Buying Property in New Zealand Non-Resident

Many non-residents are keen on buying property in Aotearoa New Zealand. Whether they seek to invest in the thriving real estate market, acquire a holiday home, or immerse themselves in the country’s stunning beauty, non-residents have numerous motivations to purchase property here.

However, before proceeding, it is crucial for them to be familiar with the specific rules and regulations that apply to foreign buyers. Non-residents must first obtain consent from the Overseas Investment Office (OIO) before purchasing certain property types.

The OIO evaluates each application on an individual basis, considering whether the investment will bring benefits to New Zealand. Consequently, buying existing homes or residential land is typically straightforward for foreigners. However, acquiring commercial land or forestry presents greater challenges, as OIO approval is necessary.

Custom mortgage solutions are available to non-residents seeking to invest in New Zealand’s real estate market without requiring upfront cash. When contemplating a location for your investment property, exploring the areas of Wānaka and Queenstown is worthwhile. These regions are favored by Australians purchasing property in New Zealand due to their close proximity.

The Cromwell area also offers excellent opportunities, particularly for those interested in vineyards and wineries, while remaining conveniently close to ski fields and attractions like Lake Dunstan. Investing as a non-resident can be an excellent way to explore new prospects and expand your portfolio with unique properties. However, it is vital to carefully consider the relevant regulations surrounding property purchases by foreigners in New Zealand, especially if you are an Australian citizen or a Singaporean interested in buying property here. Collaborating with an experienced lender like Custom Mortgages will help ensure that you can secure the necessary financing for your investment.

Why work with us

We are owner operated and not aligned with any lenders

We work with you to customise your loan so it best matches your goals, and to save you time and money.


We have extensive experience

We all have over 10 years’ experience in banking and we understand the industry. We specialise in both residential and commercial financial advice.


We build relationships

We pride ourselves on building relationships with our customers and with our lenders to provide a more customised and personal experience.


Why work with us

We are owner-operated and are not aligned with any lenders


We have extensive experience in residential and commercial finance


We build relationships to provide a more customised and personal experience


Some of the banks & lenders we work with:

Custom Mortgages Lending Partners

Correct as of April 2024