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Thread: Big disapointment

  1. #1
    moggy's Avatar
    moggy is offline God like figure
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    Default Big disapointment

    We have just come back from a three week holiday in the South Island. WHilst we had a fantastic time and really loved the country, we were heartily dissapointed. ONe of our main reasonson for moving was property prices and yeas, house pricese are still lower, but not much lower, if you are wanting anything with land (we wanted a lifestyle block), then the price seemes to be on par with England - this was in Christchurch and Dunedin, we didn't check other areas as we don't fancy moving there. Also, we thought at the cost of living would be lower as everyone had told us that it was - it isn't, certainly not food, whit good or furniture wise.
    Ww have decided that now is not a good time to move to NZ. We are going to wait a bit and see if UK house prices rise more than NZ in the next couple of years, if they do, we will look into it again.
    Having said that, I love the Kiwi friendliness and the empty roads (even though Kiwis dont seem capable of over taking unless you pull off the road and they can see a mile into the distance with no cars on the road lol). It does seem to be a fantastic place, but just not the financial paradise that I had hoped for.

  2. #2
    Glenda's Avatar
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    Default Big disapointment

    Sorry to hear you are not going now, but quite understand your reasons. NZ is not for everyone and it is good that you realise that now rather than after you have gone to a lot of expense in moving and living there.

    I honestly have not heard NZ being described as a "financial paradise". Yes, with plenty of UK?s you can buy a house outright, or with just a small mortgage, and that house will probably be a lot bigger than what you are living in the UK. However, once you are living in NZ on a NZ wage then life can be as expensive as it is here.

    I would have thought most people find the attraction of NZ is its lifestyle, scenery, better weather and lack of population. They see the charm in the way kiwis do things and, apart from some dubious areas, most feel they will be safer, their kids will be safer, and they will on the whole be happier.

    Of course, peoples hopes are not only dependent on taking over enough UK?s to make life financially easier, it is dependent on the individual's feelings about leaving close family, friends and all those 'little' things that make life in the UK comforting.

    Good luck with the future.

    :icon_biggrin:
    Glenda
    In NZ since June 2005
    Better to light a candle than to curse the darkness - Chinese proverb

  3. #3
    Taffy's Avatar
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    Default Big disapointment

    Hi moggy,

    Unfortunately you picked areas that are experiencing significant growth and a property price boom. Some places have experienced price rises of more than double their value in less than 2 years. The NZ government are very concerned about these horrendous price hikes and are pressuring the relevant people in to doing something about it, before every Kiwi and his dog are unable to buy homes.

    The cost of property was one of the major attractions for us, but between initially looking, and getting here, most sensible properties went way out of our reach and it will be a very long time before we could ever look at buying now.

    Fingers crossed that these govnerment initiatives will do the job as its affecting everyone across north and south islands.
    Taffy

    The greatest mistake you can make in life is to be continually fearing you will make one.

  4. #4
    moggy's Avatar
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    Default Big disapointment

    I have been looking again and there are some properties within our price range in and around Christchuch, in particular there are some in little River on the banks peninsular.

    As money is going to be more of a factor than we thought we are going to have to look more carefully at other aspects, not just the cost of property and salaries.

    Can anyone recommend sources for things such as tax, tax brackets, rates/council tax (whatever they call it over there) and any other taxes/costs that could have a significant effect on our standard of living

  5. #5
    Taffy's Avatar
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    Default Big disapointment

    Hi moggy,

    I can answer most of those, without sending you off in to the wide world :icon_biggrin:

    Tax is 19.5% for up to $38,000 and 33% for over that. You are taxed on EVERY dollar you earn (there are no tax codes and personal allowances).

    Rates vary dependant upon the rateable value of your property. If you take a squizz through realenz website, a great deal of properties have the rates payable listed in their descriptions.

    Other costs to consider are GP visits, prescriptions etc.. Enquire whether your house to be is on a water meter or set rate at it can be expensive if metered. Warrant of Fitness and registrations for any cars you have. Transaction fees from banks can also be a bugbear, depending on what account you have. You also have school fees, uniforms and stationary for the kids.

    Apart from that lot, nothing is really a drain on resources, but food shopping can catch you out sometimes, so keep an eye on what you stuff in the trolley!
    Taffy

    The greatest mistake you can make in life is to be continually fearing you will make one.

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