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2nd November 2017, 09:26 PM
#1
New Migrants, and House purchase with the Overseas Investment Act changes
Hi Forum.
In light of the new Govt. proposals to amend the Overseas Investment Act to include existing residential properties, does anyone have a clear understanding on whether a migrant intending to reside in NZ will be able to be included on deeds to a property?
For our situation, I'm an Australian citizen (as are my two children by descent), currently living in the UK , though my wife is only a UK citizen, and we have the intention to live permanently in NZ, probably early next year. We should have enough funds to purchase a property without a mortgage.
From reading parts of the Overseas Investment Act, it seems that we might be able to include my wife on the deeds when make an application for residency, though perhaps she would have to have live in NZ without having left for 12 months? Wondering if anyone on the forum had more working knowledge on how these changes affect new migrants?
Many thanks,
Dan
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