Should I Invest in Property in Australia or New Zealand
- by Domenica
When it comes to property investment, there are a few different options available to investors. You can invest in property in your home country, or you could look into investing in property in other countries. If you’re looking at investing in property abroad, you might be wondering if Australia or New Zealand is a better option. Both countries are equally appealing and rank highly on the most liveable charts that are evaluated each year. There are similarities between the two countries with plenty of sunshine, consistently reaching over 2100 hours of sunshine each year, both have comfortable year-round climate, both offer a laid back lifestyle, encouraging outdoor activities, have some of the world’s best beaches and excellent education and healthcare facilities.
The property market in Australia is much more expensive than in New Zealand. This means that you’ll likely get a higher return on investment if you choose to invest in property in Australia. However, the property market in New Zealand is still considered to be one of the most overvalued in the world based on rent and income.
Property Investing in Australia
When it comes to property investment, Australia is a no-brainer. The average property price is around $150,000 AUD more than New Zealand dwellings. Australia has a vast amount of land and developments seem to be continuously popping up with new estates promising spacious parkland and wetlands with all the essential amenities close by to create a family oriented community. The upside to investing in property in Australia is that there are plenty of opportunities for growth. The Australian property market has consistently outperformed most global property markets and is predicted to continue doing so into the foreseeable future.
Property Investing in New Zealand
On the other hand, property investment in New Zealand may also be a suitable option that can help with investment diversification. According to QV data, the residential house value in Auckland is over 1 million dollars and is proven to provide great returns over time. If you are looking to take advantage of the huge tourist market the South Island attracts to its shores each year, then why not invest in the Otago region. City central apartments are becoming more and more popular with investors and are a great option for securing a stable return on investment.
No matter which country you choose to invest in property, it’s important to do your own research and understand the local market well before investing your hard-earned money. It is also wise to consider if the market you plan to invest suits your individual specific requirements. Investing in any market must be catered to your own unique needs, as everyone has different circumstances, it is impossible to say New Zealand makes a better investment than Australia or vice versa. However it can be said that both markets offer excellent opportunities for investment and if you already own property in Australia and looking to build your portfolio, it is worth considering investing in property in New Zealand simply to diversify and help build a long term robust investment.
When it comes to property investment, there are a few different options available to investors. You can invest in property in your home country, or you could look into investing in property in other countries. If you’re looking at investing in property abroad, you might be wondering if Australia or New Zealand is a better…