In the last year, Auckland house prices rose 18%, making the average house price 8.36 times the average annual salary. Similar to Australia, there has been much debate regarding property investment in New Zealand and whether it is fuelling spiralling residential property values. The recent NZ Budget included a number of changes relevant to both resident and non-resident investors in New Zealand Residential Property and it is thought that these changes may take some heat out of the market.
Michael Woodward of MSI Global Alliance firm – Mackay Bailey, recently published an article outlining the important changes. To find out more click here. For assistance, please contact our office.
A local Brisbane institution, Tucker & Cowen has been at the forefront of the Queensland legal community since 1998.
Lead by the firm’s founders, David Tucker and Richard Cowen, our team consists of over 20 respected and renowned lawyers.
Each member aim to achieve on a daily basis stems from our firm’s philosophy of using best practice methods in every aspect of our legal services delivery.
Tucker & Cowen
Level 15, 15 Adelaide Street, Brisbane, Queensland 4000
07 300 300 00
07 300 300 33