New Zealand is a beautiful country, known for its natural beauty, quality of life, and economic opportunities. If you're considering purchasing property here, it's important to understand the eligibility requirements, especially for overseas buyers. At KEY2 Real Estate, we specialise in helping buyers navigate New Zealand's property market with ease.

Who Can Buy Property in New Zealand?

Eligibility for New Zealand Citizens and Permanent Residents

New Zealand citizens and permanent residents enjoy the most straightforward path to property ownership. Citizens and residents who meet the "ordinarily resident" criteria can purchase property without restrictions, giving them the freedom to invest in both residential and commercial real estate.

Overseas Buyers – Restrictions and Requirements

For those outside New Zealand, the path to property ownership can be more complex. Foreign buyers typically face restrictions, especially on residential land, under the Overseas Investment Act. However, exceptions exist for purchasing specific types of property, such as commercial real estate or new builds under certain conditions.

• Who is Restricted: Overseas individuals, including those with work visas or who are not "ordinarily resident," often cannot buy established homes.
• Allowed Purchases: Overseas investors may purchase newly developed residential property under strict rules or invest in commercial property with fewer restrictions.
• Government Approval: Purchases by overseas individuals often require approval from the Overseas Investment Office (OIO), ensuring alignment with New Zealand’s interests.

Exemptions for Australians and Singaporeans

New Zealand has agreements with both Australia and Singapore that allow citizens and residents of these countries to buy residential property without needing to meet the "ordinarily resident" requirements. This simplifies the process for those buyers, allowing greater freedom in property investment.

Why Choose KEY2 Real Estate?

Navigating the property market in New Zealand can be complex for overseas buyers, and that’s where KEY2 Real Estate steps in. Our team has the expertise to help you understand eligibility requirements and identify the right properties to meet your goals. We’re here to make the process as smooth as possible, providing guidance every step of the way.

Contact Us

If you’re interested in buying property in New Zealand, whether as a resident or an overseas investor, reach out to our team at KEY2 Real Estate. We are committed to helping you make informed, successful investments.

‍