Buying guide

Apartment buying in NZ

The insider's guide to smarter, savvier property purchases

Ben Tutty
Last updated: 7 November 2024 | 5 min read
AI

AI summary

Buying an apartment in NZ offers an affordable, low-maintenance alternative to a house. A 20% deposit is standard, but lenders may require up to 40% for apartments under 50sqm.

Crucial due diligence includes investigating the Body Corporate fees and rules, and understanding the ownership structure—either unit title or leasehold. A pre-purchase inspection is highly recommended to check for any issues. Weigh the benefits against potential downsides like less space and building restrictions before you buy.

How to buy an apartment in Aotearoa New Zealand

The pros and cons of buying an apartment

Pros of buying apartment

Cons of buying an apartment

Buying an apartment - due diligence checklist

Before you buy an apartment it's important that you do your due dilligence.

Pre-purchase inspections and amenities

Filter by location to find an apartment right where you want to be.

Location, rules and restrictions

The size of the apartment

Buying an apartment FAQS

Are Auckland apartments a good investment?

Can foreigners buy an apartment in NZ?

What's the best floor to live in an apartment?

How much are body corporate fees for apartments in New Zealand?

Author

Ben Tutty Ben Tutty
Content Writer