Can I buy residential property in New Zealand?
You can buy without restrictions if you are a current New Zealand citizen.
You may be able to buy if:
a. You hold a New Zealand residence class visa, or
b. You are an Australian or Singaporean citizen, or
c. You are an Australian or Singaporean permanent resident.
You cannot buy in all other cases unless you have consent from the Overseas Investment Office or an exemption applies.
You cannot buy on behalf of an ineligible person. There are serious penalties involved and you may be forced to sell the property if it was found later that you are/were in breach of the law, whether intentionally or unintentionally.
Make sure you talk to our property team to discuss the above and/or to check your eligibility before attending an auction or signing any sale and purchase agreement. You would not want any expensive regret!