New Zealand is in the middle of a massive building boom with the country experiencing one of it’s highest times of building approvals which are set to increase further next year by another 40%.
This influx of new developments, housing and apartments has also seen an increase in interest from not only local home buyers but international investors. The price of property in New Zealand is an average of 34% lower than Australia when comparing the countries two most expensive cities, Auckland and Sydney.
The New Zealand building boom is also offering home buyers and investors a lot more opportunities in the types of properties available which is also encouraging international investors to look outside of the box and consider New Zealand as a potential location to broaden their property portfolio.
The availability of properties will also assist those who are considering permanently moving to New Zealand for lifestyle or career opportunities.