May be But one thing is for sure - there are better opportunity in New Zealand property market then 4 years ago. Especially with the high yielding residential and Commercial properties.
New Zealand Investment Property.
In New Zealand we are currently finding Investment properties as follow:
In the main Cities like Auckland, wellington and Christchurch:
Residential properties with land (not apartments) 7% - 10% gross yield and add value opportunities.
Apartments: 9%-12+%...
Some late reply, Bets ask your NZ accountant for an Answer.
Im a NZdr currently in the IOM and I have to say some great buying in NZ but also few good properties on the Island.