I was having a coffee with developer Kenyon Clarke yesterday and we were discussing the merits of visiting China in an effort to sell New Zealand property.
Kenyon said some parts of Asia such as China were facing asset-bubble risks but markets such as New Zealand and Australia offered a more stable alternative because of steady growth.
“If you are a property investor, and most Chinese love property, the question is how can you leverage China’s growth but mitigate your exposure to the Chinese property market?”
This question had been asked before and a simple answer that we both agree upon is for Chinese investors to buy property in Auckland New Zealand.
Yes Australia offered benefits as well but we have 3 significant advantages over the aussies.
1. No Capital Gains Tax
2. Political relationships between China and New Zealand are getting stronger and stronger
3. Auckland is significantly more affordable than Sydney