Thread: Best Place To Live In New Zealand
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Old 04-22-2006, 05:24 PM  
sacX
Confirmed User
 
Join Date: Dec 2002
Location: New Zealand
Posts: 2,998
Quote:
Originally Posted by warlock5
Depends where your $500k NZ are coming from. Their currency is getting assraped now because of the carry trade unwinding: http://www.x-rates.com/d/USD/NZD/graph120.html
Thank God!

Another interesting fact, is that in the latest budget, new immigrants to NZ who derive their income from foreign sources (this industry! ) are tax exempt on those earnings for 5 years.
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