New Zealand welcomes foreign investment and the current government is committed to economic growth. There are no restrictions on international property ownership for properties under a certain value and size. Consent may be required for properties or business of specialist interest (sensitive land or valued over $100 million.) For more information click here.
The sale and lease of residential properties in New Zealand is normally exempt of GST. There are a few exceptions mainly on commercial building. For more information click here.
Tourism plays an important part in the prosperity of Te Anau, Southland and Fiordland. The Ministry of Business, Innovation and Employment has started publishing figures on where and how visitors spend their money at a regional level. Operators, councils and regional tourism organisations use this information to get a much better idea of where and how tourists spend money in the south. If you want more detailed information about how tourism affects the regional economy you can find out more by clicking the image below.