PURCHASING PROPERTY IN NEW ZEALAND WITH RAWA · RAWA Limited – Licensed under the Real Estate Agents Act 2008 As buyer’s agents our clients are property purchasers and we pride

PURCHASING PROPERTY IN NEW ZEALAND WITH RAWA

IN PARTNERSHIP WITH RELEASE WANAKA

RAWA Limited – Licensed under the Real Estate Agents Act 2008

As buyer’s agents our clients are property purchasers and we pride ourselves on putting their interests first. We are on your side.

Our primary aim is to assist our clients to buy the right property at the best price. RAWA will be there to guide and advise you every step of the way.

We make purchasing property stress free and financially rewarding. With our local knowledge and industry status our clients get direct access to premium unlisted properties.

By taking the time to understand your objectives and requirements, we are able to create a detailed property brief that reflects your priorities and preferences. From this, we compile a shortlist, giving you an honest appraisal of those properties. We assist our clients to understand what a fair price is and to make a clear, informed decision to purchase. We are experienced at negotiating to achieve the best possible deal.

This means we deliver a property which meets your long term needs.

BUYER’S AGENT

As buyer’s agent, RAWA specialises in exclusive New Zealand property and represents both international and domestic purchasers.

ABOUT RAWA

We are known for our integrity, client focus, innovation and above all our ability to drive customer solutions that maximise value.

Our services are delivered by a team who combine an exceptionally high level of personal service and a deep understanding of the New Zealand property market.

www.rawa.co.nz

PURCHASING PROPERTY IN NEW ZEALAND

1www.rawa.co.nz

Release Wanaka promotes high quality, luxury Wanaka rental properties and exceptional experiences. Wanaka is one of the world’s great lifestyle playgrounds and Release Wanaka is the preferred source of information for the affluent adventurer, wealthy families and discerning travellers.

As a result, Release Wanaka has developed specialised knowledge of property in Wanaka and the surrounding areas.

RAWA manages your purchase from beginning to end. Using Release Wanaka’s local knowledge of the Wanaka region, we compile prospective properties for your consideration.

RAWA then conducts due diligence on your chosen property, negotiates the best price on your behalf and facilitates the sale and purchase. If required, RAWA can also source finance options and will manage the Overseas Investment Office approvals process.

RAWA + RELEASE WANAKA

RAWA has partnered with Release Wanaka as an expert, local analyst and property scout, ensuring that we bring you the best opportunities to purchase, both on and off market.

PURCHASING PROPERTY IN NEW ZEALAND

RAWA Limited – Licensed under the Real Estate Agents Act 2008www.rawa.co.nz 2

New Zealand is known globally for its beauty & is consistently named as one of the best places in the world to live.

OVERVIEW

A small country, similar in size to Japan or Great Britain with a population of just over 4.4 million, New Zealand is gloriously un-crowded. New Zealand is considered to be a safe haven with many overseas buyers wanting a property located in a safe environment away from potential conflict or political issues. Queen Elizabeth II is the sovereign and head of state with a Westminster system of government.

Geographically, over three quarters of the population live in the North Island with over 1.4 million people living in the Auckland district.

The far north of the country has subtropical weather during summer; the inland alpine areas of the South island can get very cold with sub zero degrees temperatures in the winter, with temperatures rising above 30 degrees in the summer months.

Most of the country lies close to the coast, which results in mild temperatures overall.

QUICK FACTS

New Zealand is ranked 2nd overall for ease of doing business out of 185 countries. It was ranked 1st in the sub-categories of starting a business and protecting investors. 1

New Zealand is ranked 7th highest in the world on the human development index. 2

New Zealand’s property laws allow for your investment to be easily retained for life and passed on to your family.

New Zealand is ranked 8th on the Positive Peace index3 and is one of the world’s least corrupt countries.

Safety, stability, ingenuity and proximity to Asia’s booming economies are just a few of the reasons to invest in New Zealand. It has an open and free-market economy as well as tax system that work positively for investors, so bringing money in or out of New Zealand is easy.

New Zealand has unique tax benefits. There is no capital gains tax or financial transfer tax, and no wealth, death, land or stamp duties.

ABOUT NEW ZEALAND

North Island

South Island

Auckland

Wellington

Queenstown

Christchurch 1. Doing Business 2015 – Comparing Business Regulations for Domestic Firms in 189 Economies, 12th Edition, World Bank Group.

2. http://hdr.undp.org/en/content/table-1-human-development-index-and-its-components, 23 October 2015

3. Positive Peace Report 2015, Institute for Economics and Peace.

RAWA Limited – Licensed under the Real Estate Agents Act 2008www.rawa.co.nz 3

RESIDENTIAL & LIFESTYLE PROPERTY

REINZ statistics show that New Zealand residential property values have increased steadily over the last decade, with a particularly strong growth in the market post GFC.

The property market in Wanaka is moving through an “upswing” of growth and expansion, driven by population growth and increased tourist numbers to the region.4

Statistics from the most recent census show that in Wanaka, property and its associated industries (accommodation and food services, construction, and rental hiring and real estate service) feature in three of the top five industries by employee count.5

Property values in Central Otago have increased over the last year, with REINZ data showing that median residential dwelling sales prices have increased steadily over the last decade. Further, the average value of residential property in the Queenstown Lakes District specifically has increased by 8.4% over the last year from $692,508 in October 2014, to $750,809 in October 2015.6

Over the past decade Wanaka has seen an increase in property transactions from both domestic and international investors. Investing in Wanaka is a dependable addition to any portfolio.

INVESTING IN WANAKA

4. Colliers International Market Review and Outlook 2015, Queenstown, Dunedin and Wanaka.

5. http://www.stats.govt.nz/Census/2013-census/profile-and-summary-reports/quickstats-about-a-place.aspx?request_value=15004&tabname=Housing&sc_device=pdf

6. https://www.qv.co.nz/resources/monthly-residential-value-index

RAWA Limited – Licensed under the Real Estate Agents Act 2008

REINZ HOUSING PRICE INDEX – NEW ZEALAND Housing Price Index

5000

4000

3500

3000

2500

2000

1500

1000

500

0

4500

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Source: REINZ Statistics

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NEW ZEALAND’S PREMIERE LOCATION

Wanaka was recently named the world’s first “Lifestyle Reserve”, and is a premier four-season destination.

Crystal clear lakes and rivers, fresh mountain air and stunning alpine views are at every turn.

Wanaka embraces adventure and the outdoors, offering activities such as world class fly fishing, golf, boating, mountain biking, skiing and snowboarding.

A burgeoning wine industry, a selection of great restaurants, a growing community centre offering

a variety of entertainment throughout the year, nurtures the cultural side of a town experiencing an exponential sustained growth rate.

Transport to and from Wanaka is improving all the time with direct flights to the Queenstown International Airport, just 45 minutes away from Wanaka.

INVESTING IN WANAKA

Median Sales Price of Residential Dwelling in Central Otago

RAWA Limited – Licensed under the Real Estate Agents Act 2008

RESIDENTIAL DWELLING SALES (REINZ)$ Median Sale Price(Line Series)

500,000

388,889

333,333

277,778

222,222

166,667

111,111

55,556

0

444,444

Jan 94Oct 9

4Jul 9

5Apr 9

6Jan 97

Oct 97

Jul 98

Apr 99

Jan 00Oct 0

0Jul 0

1Apr 0

2Jan 03

Oct 03

Jul 04

Oct 06

Jan 12Oct 0

9Jan 15

Apr 05

Jul 07

Oct 12

Jul 10

Oct 15

Jan 06Jan 09

Apr 14

Apr 08

Jul 13

Apr 11

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1RAWA

Initial consultation to assess your

requirements and obtain a brief.

3RAWA

Suitable properties sourced and short-

listed.

5RAWA

Co-ordinates due diligence, provides purchaser with due

diligence report.

Manage Overseas Investment Office

application and sourcing funding

if required.

7RAWA

Facilitates settlement.

2PURCHASER

Agency agreement signed.

Initial fee payable to RAWA.

4PURCHASERAnalyse options,

select property for due diligence, enter

conditional purchase agreement.

6PURCHASER

Reviews due diligence and agrees

to purchase.

Purchase agreement becomes

unconditional.

Commission is payable to RAWA.

THE INVESTMENT PROCESS

TO TAKE THE NEXT STEP & INVEST IN WANAKA PLEASE CONTACT US

[email protected] | +64 9 302 4821 | www.rawa.co.nz

www.rawa.co.nz RAWA Limited – Licensed under the Real Estate Agents Act 2008 6