The reason I’m posting on this board is simple.Loads of companies here in the UK are promoting property investment in both NZ and Australia. WHY?
Because by comparison it’s cheeper with better returns possibly?
How are they marketing the tax side of things and for what style of property? Foreign investors have to be approved by the Foreign Investment Review Board and it limits the selection.
Hope you enjoy the forum [
]Mel
Basically marilyn, you take £100K and convert it to aussie dollars, you get $240K. You can do a lot more with $240K in Australia than £100K in UK.
Prices of houses here in Uk are absolutely ridiculous and the investors are looking outside Europe for the lifestyle and the returns.
LEgally, Uk residents can get an appropriate visa to live in Aus for 6 months of the year. And many of them can and do.
So there you go. If you had £100K wouldn’t you rather invest it somewhere where it gets you mroe for your money?
CHeers
Steph.Success is 1% inspiration and 99% perspiration.
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