The Property Academy Podcast Australia vs New Zealand: Where should you invest? ⎥ Ep. 1923
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Dec 16, 2024 Exploring the investment landscape, the hosts debate whether New Zealanders should buy property in Australia or rent. They compare capital gains taxes, stamp duties, and rental yields between the two countries. A highlight is the varying median house prices across major cities like Sydney and Auckland. The discussion includes incentives for new builds and the trend of shifting properties to long-term rentals. Personal anecdotes provide insights into the experiences of Kiwis moving to Australia, offering practical advice for potential investors.
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Australia's Stronger Recent Price Recovery
- Australian house prices recovered faster than New Zealand in the year to June 2024.
- Brisbane led with ~14.1% growth while New Zealand fell about 1.3% over the same period.
Price Comparison Hides Property-Type Differences
- Median house prices vary but Auckland (~NZ$1.0M) remains cheaper than Sydney (~NZ$1.3M).
- City averages in Australia are pulled down by many apartments, so like-for-like houses can be pricier.
Plan For A 20% Deposit In Australia
- Expect a standard 20% deposit requirement for Australian purchases regardless of new or existing builds.
- Don’t assume New Zealand-style deposit incentives apply when buying in Australia.