Buying guide
8 hidden costs of buying a house in NZ
Read this and buy with your eyes (and your wallet) open
AI summary
When buying a house in NZ, be prepared for significant costs beyond the purchase price. Budget for essential due diligence during your search, including:
- Building inspections (from $400)
- LIM reports
During the purchase, you'll face lawyer's fees ($800-$3,000+), insurance, and potential mortgage fees. If you have a small deposit, expect low equity margins. Don't forget to also factor in moving costs and funds for any immediate repairs after settlement.
Extra costs to consider when buying a house
House hunting
There may be additional costs for buying an apartment.
Purchase costs
Moving isn't free!
Moving in
Author
Discover More
‘I used to run past and watch this massive excavation into the side of the mountain’
After 10 years restoring Chisholm House, a Dunedin family is ready to pass on the historic home.
NZ election 2026 and the property market: Economist Brad Olsen's view
Brad Olsen says the election matters less than you think for homeowners and buyers. Interest rates and jobs matter more.
Search
Other articles you might like
