- You are a New Zealand citizen or
- You have been a permanent resident for at least a year, have been in New Zealand for at least 183 days of the last year and you’re a NZ tax resident.
New Zealand is such a fabulous place to live – and it’s not just Kiwis who think so. Every year, people from overseas look to buy homes or land here, either to live in, or for investment purposes. But recent changes to our overseas investment laws now create some restrictions for foreign home buyers, as part of the government’s efforts to solve our housing shortage and to curb rising house prices. The new rules apply to any contracts dated after 21 October 2018. So what are the key things you need to know? First, there aren’t any restrictions for many New Zealanders. You can buy residential land wherever in the world you happen to be as long as you meet one of the following criteria: