Buying house on visitors visa
#1
Buying house on visitors visa
Hi Some friends of ours are wanting to come to NZ on a visitors visa and get fixed up with work once they are here to get residency are they able to ship there belongings over and buy a house on a visitors visa ?
thanks Linda
thanks Linda
#2
Joined: Apr 2007
Posts: 1,454
Re: Buying house on visitors visa
You can buy a house/land in NZ without any visa at all. And you can ship your stuff over as well on a visitor's visa.
It's a bit brave, but perfectly legal.
Last edited by Avid; Sep 19th 2007 at 11:49 pm.
#3
Re: Buying house on visitors visa
The only downside to shipping whilst on a visitors visa is you have to pay GST on anything non clothing in your container. Better to get work permit first as we are then ship.
#4
Joined: Dec 2006
Posts: 402
Re: Buying house on visitors visa
You will struggle to get a mortgage without residency. But as has been mentioned, if you got the dosh, nothing stopping you buying a house.
#5
Joined: Apr 2007
Posts: 1,454
Re: Buying house on visitors visa
Depends on the bank and personal circumstances, I would think, not on the law.
#6
BE Enthusiast
Joined: Jun 2007
Location: Woburn, Wellington
Posts: 753
Re: Buying house on visitors visa
0.25% interest rate borrowing would sure be useful for that big purchase here in NZ even if the Japanese are livid about the rise from 0%.......
#7
Joined: Apr 2007
Posts: 1,454
Re: Buying house on visitors visa
I think the Bank of Australia does one.
Also the 0.25% rates are for interest on savings...I think you'll find that bank loans are pretty steep.
That's why Kiwis blame the semi-mythical 'Japanese housewive investors' for the recent run on their currency, as the only real way to invest money in Japan is via shares and the like.
Last edited by Avid; Sep 20th 2007 at 7:56 am.