Hi all seniors and exhaulted members, i like to ask for your kind help on a matter that i am considering.
I want to buy a New Zealand property and i'm considering 2 options:
1) a passive income generating 2 bedroom at wellington (capital), managed by a hotel or
2) a 3 - 4 bedroom residential property at Queenstown (south).
the reason for number 1):
i want a place to go and relax about once every quarter (i'll stay for about 7 - 10 days depending on leave availability) and i thought New Zealand's a nice place. A passive income generating 2 bedroom may not make me money, but it lessens my cost of owning a property that i visit at most 4 - 8 weeks in a year.
the reason for number 2):
if i outright buy a residential property in Queenstown, south of New Zealand, i may not generate income from it, but it's mine ultimately. Eventually i may retire there, or children cannot get in local uni, then they can study at New Zealand.
Based on my research, the restrictions for singaporeans owning a New Zealand property is minimal (no land restrictions or location restrictions). However, there is a problem of floods (but i'm buying either a high floor hotel residence, or a house on top of the hill) and earthquakes.
My question is: can anyone who has invested or bought or studied or stayed in New Zealand for a couple of years share their experience with me? If you don't want to share it publicly, you can PM.
I thank you all in advance for your kind help.