The New Zealand government has a regulatory regime in place to control the sale of rural land to other than New Zealand citizens or to individuals who have not been granted new Zealand residency. These regulations mostly affect land over 5 hectares in size.
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Hawkes Bay has become a preferred lifestyle destination, not only for overseas migrants but also significant numbers of affluent New Zealanders moving from major urban centres, all keen to enjoy the Bay’s superior Mediterranean climate, quality schools, educational opportunities, rural environment and a relaxed rural lifestyle. Rural land and property values appreciated considerably between 2004 and early 2008 but have eased significantly with the recession from late 2008 to the present time.
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A general background to Hawke’s Bay, its climate and geography, economic development, towns and cities.
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Families and individuals considering any type of investment, especially land purchases, are well advised to seek early advice from an experienced Chartered Accountant on taxation and other related matters that will inevitably affect them. In New Zealand taxation is levied on a personal level through a pay as you earn system, through company taxation and through a comprehensive goods and services tax (GST). New Zealand does not have death duties or land taxes (such as those in USA). Families moving to New Zealand and purchasing property should consider all aspects and advantages of creating a family trust as an entity for the purchase and ownership of property.
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British farmers and migrants moving to New Zealand find an agricultural, economic and social environment that was founded primarily on British settlement over the past 150 years. Never the less, although New Zealand farmers now compete with British farmers with similar produce, the New Zealand farming industry differs from Britain in essential detail in almost every importaint aspect. This article attempts to outline the essential history to the rural settlent of New Zealand, how it differs in the 21st century and the essential geographic, economic and political reasons behind these differences.
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While wine grapes have been established in the Bay since the 19th century, it was not until the late 1970’s and 1980’s that the major wine industry in its present form was established. Today Hawke’s Bay is one of New Zealand’s largest grape growing and wine making regions and has achieved considerable international recognition for many of its wine styles and wineries.
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Early pastoralists established two of New Zealand ‘s best known private girl’s schools, Woodford House and Iona College , both at Havelock North. Hereworth School , one of New Zealand ‘s best known boy’s private primary and intermediate level schools, was established in Havelock North in the early 20th centaury.
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Travelling time from majorNew Zealand locations may be viewed at:
www.aatravel.co.nz/tourist/northisland_travellingtimesdistances.shtml
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A site of general interest to investors, migrants or visitors to Hawkes Bay is: http://www.investhawkesbay.com/investment_and_business/index.htm A very useful site with comprehensive links to the wine industry in Hawkes is: http://homepages.paradise.net.nz/nzwinelinks/hawkesbay.htm
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EIT has a conjoint relationship with Charles Sturt University Australia for the degree and diploma courses it operates in viticulture and wine making and is a leading educational institute and resorce for the wine industry in New Zealand.
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