Hi all,
We are new to this forum and this is our first post. In January 2011 we are moving to auckland as part of internal trasnfer within my company.
Renting would be the obvious choise but after looking at the prices and what you get it made me think twice about maybe buying a property instead. We are going to stay for a minimum of 2 years and the renting would cost us about 500/week -> 25000/year -> 50000 for 2 years.
Now we are thinking instead of throwing 50000 away, why not buy a property (and the furniture you like) and sell it when moving back. This way we can cut our losses. Does this make sense in Auckland?
We would appreciate any feedback or advise regarding this topic. Maybe there are fees, property taxes and other hidden charges that we are not aware of that makes this not feasable.
Also is it easy to get a mortgage if you have just moved there? Do you need credit scores like in some countries? I will be in the 100000+ salary range and have been working for the same company for the past 5 years with steady income that can be seen in my bank account. Does this matter or does it have to be seen in a NZ bank account?
Thanks in advance