Great Opportunity for Australians to Buy NZ Property

Heard morning news today regarding the dwindling NZD against the AUD, 9 year low. The Australian economy is amazingly propelling itself higher amidst the current economic crisis. The implications? According to this article, there's a great opportunity for Australians and Kiwis earning in AUD to buy property in New Zealand. But consider the timing and understand the risks. Read more from this link.

There are currently more than 800 residential properties in the market in Wanganui. Looking at real estate ads, here are 3 of my picks:

Location: Wanganui East
Manawatu / Wanganui
Rooms: 3 bedrooms, 2 bathrooms
Property type: House
Land area: 622m2
Price: Asking price $169,000
Property ID#: AZE543
Parking: Parking: 2

Location: 23 Kent Road
Saint Johns Hill
Manawatu / Wanganui
Rooms: 2 bedrooms, 1 bathroom
Property type: House
Floor area: 130m2
Land area: 561m2
Rateable value: $260,000
Price: Asking price $259,000
Property ID#: AZD477
Parking: Single lock up garage
In the area: Close to transport,­ Close to schools, Close to shops
Open home times:
Sun 7 Mar,
1:45pm - 2:15pm

Location: Castlecliff
Manawatu / Wanganui
Rooms: 3 bedrooms, 1 bathroom
Property type: House
Floor area: 80m2
Land area: 642m2
Rateable value: $123,000
Price: Asking price $114,000
Property ID#: AVG240
Parking: Off street parking

My choices are based on:
1. Not so huge investments - houses which can be negotiated below $250k NZD
2. Good size blocks
3. Scenic location - very near parks, hills and beach

There are of course available houses which are impressive, modern, classic and great views and gardens which may be better to be considered for retirement instead of investment.

Wanganui, New Zealand
Wanganui Business Directory
NZ Property Guide

1 comment:

  1. I have seen better looking properties in Wanganui. I agree with your choice of location. Wanganui is severely under-appreciated. I have lived there 18 months, never seen a gang member. Friendly people, nice climate, though a little too much wind. You can negotiate a good price on property because the population is static or slightly falling. I think this will change in future. The town just needs a better local government and a few ideas.