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Posts Tagged ‘nz immigration’

Buying your first home in NZ – information for new immigrants

Posted by Steve Koerber on November 19, 2010

If you’re coming to live in New Zealand (or you’ve recently arrived), chances are you’d like to buy a home.

If that’s you, I recommend you do some research before you buy.  A great place to start is the Immigration New Zealand website.  It’s full of useful advice and further links. 

One important issue affecting home buyers that the Immigration website does NOT draw to your attention is New Zealand’s recent leaky home crisis.  This is a key issue that you should know about.  You’ll get a taste of the issues here at the links I’ve provided below. 

It is important that you know that leaky homes have adversely affected the lives of thousands of NZ residents.  The NZ Goverment is working to find a solution to the problem, but it is a work in progress at this time.

Anyone who buys a leaky home (or a potentially leaky home) is financially and/or emotionally at risk.  Before Nov 17 2009 New Zealand’s laws made it far too easy for customers to unwittingly purchase an at-risk home.  The new Real Estate Agents Authority and the Real Estate Agents Act (2008) tightened up the way real estate salespeople are required to advise you of the risks involved when representing sellers of homes that commonly fall into the ‘at-risk’ category. 

I have provided the following useful links relating to NZ’s leaky home crisis.  If you don’t know much about it, you’re about to become better informed and protected:

Department of Building & Housing media releases

Home Owners & Buyers Association of NZ – Leaky Home Info

Leaky Home Forum New Zealand

Consumer Build – What caused leaky homes

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