How to Buy Property in New Zealand: A Complete Guide

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Foreign investors, especially from China, have invested heavily in New Zealand during the past years. One of the main reasons is that they want to find a stable place to allocate cash and for overseas studies.

Yet not only Asian investors decide to invest in New Zealand, we also see many investors from the US, Malaysia and other regional countries.

However, before you go into detailed planning, it’s important that you know if foreigners can even buy property, what property types that are available, about taxes and more.

In this article, you’ll learn the following:

Can foreigners buy property in New Zealand?

Previously, foreigners generally didn’t have any issues to buy property in New Zealand.

However, the government has forbidden non-resident foreigners from buying established property, to curb escalating property prices.

According to the Overseas Investment Office (OIO) you need to increase the number of residences and then sell the lot as a non-resident. You can do this by, for example, converting the land or by constructing an apartment building where a house was previously built.

No one knows when this will be lifted, but for now, you need to look at other countries if you’re a non-resident and cannot fulfill these criteria.

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Top 10 Property Developers in New Zealand: A Complete Guide

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New Zealand has attracted many foreigners, especially Chinese, who wish to have a safe haven in the future. Property prices have increased much over the years, forcing the government to introduce cooling measures.

Not surprisingly, a preferred option is to buy off-plan property, giving you the opportunity to design and move into a brand new property. Therefore, I decided to write an article about some of the biggest residential property developers in New Zealand.

Let’s have a look.

1. Conrad Properties

Conrad Properties Group is one of the biggest property developers and investment companies in New Zealand. Conrad Properties is also known as the largest apartment developer as they mostly develop medium and high-rise apartment buildings.

Conrad Properties was founded in 1994 with its head office situated in Auckland. It also has regional offices in Sydney, Singapore, and Hong Kong. They develop properties outside of New Zealand, mainly in Australia, but also in Canada, Bermuda, China and Singapore.

Property types

Almost all of their projects are high-rise apartment buildings. Although one of their first projects, G Urban Work Spaces, was mixed-use project but after that, they’ve only developed residential apartment buildings.

Current projects

  • Queens Residences
  • The Ivory Epsom
  • Urba Residences
  • The Vincent
  • Soho Apartments

Future projects

Continue reading Top 10 Property Developers in New Zealand: A Complete Guide