Thread: Simply can't afford to live in NZ
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Old 02-04-2007, 04:55 PM
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Default Re: Simply can't afford to live in NZ
You're right with the sums MB, but I think the illustration was set against a wider context...

I would advise anyone planning to move to NZ to read "Pay Zero Taxes - A Tax-Smart Guide for All New Zealanders" by Peter Sibbald, published by Reed Business. ?ISBN number 0-7900-1037-2. ?It's full of practical advice on how to reduce your tax burden. ?I'm not sure you can actually get your NZ tax bill down to zero, but there is a lot you can do to avoid the heftier levels.

Reading back over this thread, I would add that we've been shocked by how much house prices have risen since we started planning our move to NZ in 2004. ?Our next door neighbour bought their section eighteen months ago for $90,000. ?The same sized sections just across the road were advertised last week at $225,000 and beyond. ?:o ?

We can't afford to buy at the moment, so I've started a rumour that NZ house prices are going to crash in 2007. ?All the indicators are there... rising interest rates, spiralling debt, lower migration.... ? ;D
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