OK, so lets compare living in JHB Inner city and Auckland inner city, Obviously Auckland is going to be more expensive. JHB is rated as one of the cheapest cities in the world to live in. I wonder why
Yes but JHB is not the only city in SA. And from my experience, a reasonable house in CPT surrounding suburbs will cost between R1m and R2m. So if a house in NZ 50km outside of the city costs R1.8m (converted equivalent), I can just guess that it will be much more expensive than inner city in SA.
Have a look at:
http://www.emigratenz.org/house-prices-auckland.html
Look at the average house prices for in a city like Auckland
Makes SA look not that bad, does it?
Erm... the 8-9% rates you are quoting are fixed rates for 1/2/3/4 years. You conveniently neglected to mention that. After that time, the rate goes up to 10.75%. So either you are not mentioning vital information in this argument, or you don't know yourself what your own rate will be hiked to after 2 years
Have a look at:
http://www.emigratenz.org/new-zealand-mortgage-rates.html
Oh wow, it seems my research about the mortgage rate is correct: nearly 11%
Makes SA 15% MAX look not so bad, does it?
Another quote from that page:
New Zealand currently has close to the highest interest rates in the developed world.
Wow, this is a stunner. I quote it again:
New Zealand currently has close to the highest interest rates in the developed world.
So, you were saying....??
Some more links as proof:
http://www.westpac.co.nz/olcontent/olcontent.nsf/Content/Choices+home+loan+rates
The 8-9% you were referring to are
fixed interest rates.
Fixed interest rates
With a fixed interest rate your payments and the interest rate stay the same for a set time. Extra costs may be incurred if you pay back all or part of your fixed interest rate mortgage early.
With a fixed interest rate you
* know what your mortgage payments will be
* can fix your interest rate for terms between six months and five years
* can increase regular payments by up to 20% of your minimum repayment
At the end of your fixed interest rate loan term
* your mortgage will convert to the floating interest rate
... which is
nearly 11%
Some more links:
http://www.emigratenz.org/getting-a-mortgage-in-new-zealand.html
http://www.interest.co.nz/mortgages.asp
15% is bl00dy madness, and I feel for all of those that are battling to survive in SA just to keep up with the payments.
If you have a good credit record, you can negotiate a mortage rate of prime+0 (which is what, 15.5%?) with your SA bank. Unfortunately with no credit record in NZ, that will not be possible. Shame
I think you are the one that needs to catch a wake up. Look at the above!
We often park in the street because just sometimes its easier. Our garage is full of crap in boxes that we have not unpacked since moving here. There is no need to rush and get the garage sorted just to get the car inside.
You are lucky to have a garage. Most people who emmigrate will NOT get a garage (assuming they can get a car!) in their first few years.
Like I said I was lucky, however this is the done thing for a lot of companies here in NZ when recruiting, Many of the South Africans I works with have been just as lucky. Obviously if you come over as a plumber or something its not going to happen. I don't see any SA companies doing the same, trying to lure the expats back?
Not relevant. If you don't emmigrate out of SA, you won't even have the problem of getting your move paid for by an employer, because
there won't even be a move in the first place. Logical, isn't it?
You really are onebrickshort! Read the topic of the thread. Whites leaving SA in droves. Maybe read the article before posting.
Yes. Whites leaving SA in droves.
That does not mean that lots of people from overseas are not also coming in to SA to settle. 2 unrelated actions.
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