New Zealand Property

Why Are The Super Rich Buying Up Properties In New Zealand?

Apocalypse insurance, anyone?

There is a growing trend amongst US tech billionaires that the rest of the world is increasingly taking note of.

It all began with the news that Peter Thiel, the billionaire Paypal founder and early Facebook investor has earned New Zealand citizenship, which has allowed him to purchase a $13,5 million dollar estate near Wanaka, a resort town on New Zealand’s South Island, through his holding company Second Star Limited.

Thiel’s citizenship means he was able to sidestep strict rules around foreign ownership of sensitive land in New Zealand – but why is the California based businessman, who describes himself as a conservative libertarian and donated $1.25m towards Donald Trump’s presidential bid, buying up land in this remote location?

The uncomfortable truth is that the “techerati” are hedging against what they see as a distinct probability of an apocalyptic event occurring during their lifetimes, and many see New Zealand as the perfect bolthole.

A recent article in the New Yorker reveals some of the lengths the rich elite are going to embrace “survivalism”; private Facebook groups, for example, in which billionaire startup founders “swap tips on gas masks, bunkers, and locations safe from the effects of climate change “.

It’s also known as “prepping”, in case of a W.R.O.L (without rule of law) event that will return mankind to the state of hunter gatherers. Billionaires are stockpiling foodstuffs, building underground bunkers, and even having eye surgery and taking up archery in a bid to be best prepared for life after civilization as we know it collapses.

But the best tactic, if you can afford it, is to secure property in the land where the Lord of the Rings trilogy was made, a place that provides “privacy, security, and a beautiful rural landscape”, in the words of Matt Finnigan, sales associate at Sotheby’s International Realty New Zealand, recently quoted in the Financial Times.

New Zealand is also an attractive place for billionaires from Silicon Valley to hideout in case of a backlash against their building the robots that will take over the majority of the world’s jobs, in the not-too-distant future.

So what can you get if you do decide to relocate to the “land of the long white cloud”.

Suffice it to say, there are some truly remarkable properties which have been built with billionaires in mind, like this one near Queenstown, Otago, which comes with its own butler’s kitchen, an infinity edged swimming pool and “3.27 hectares of award winning landscaped grounds”, including a waterfall. Price upon request, but we expect it is beyond the reach of all but the super-rich.

$7m NZD (around £4m GBP) will get you this stunning equestrian estate near Auckland, whilst parting with a mere £1.5m  could you see you ensconced in this property in the “Valley of the Vines”.

It’s said that amongst the mega rich, saying that you are “planning to buy property in New Zealand”, is to identify yourself as a member of the truly elite.

The joke, it is rumoured goes; “there’s good news and bad news; the good, I have a property in New Zealand. The bad? Peter Thiel is my new neighbour”.

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Israel New Shekels
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China Yuan Renminbi
Colombia Pesos
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Cuba Pesos
CZK
Czech Republic Koruny
DJF
Djibouti Francs
DKK
Denmark Kroner
DOP
Dominican Republic Pesos
EEK
Estonia Krooni
EGP
Egypt Pounds
ETB
Ethiopia Birr
FJD
Fiji Dollars
FKP
Falkland Islands Pounds
GGP
Guernsey Pounds
GHS
Ghana Cedis
GIP
Gibraltar Pounds
GTQ
Guatemala Quetzales
GYD
Guyana Dollars
HNL
Honduras Lempiras
HRK
Croatia Kuna
HUF
Hungary Forint
IDR
Indonesia Rupiahs
IMP
Isle of Man Pounds
IRR
Iran Rials
ISK
Iceland Kronur
JEP
Jersey Pounds
JMD
Jamaica Dollars
JOD
Jordan Dinars
JPY
Japan Yen
KES
Kenya Shillings
KGS
Kyrgyzstan Soms
KHR
Cambodia Riels
KPW
North Korea Won
KRW
South Korea Won
KWD
Kuwait Dinars
KYD
Cayman Islands Dollars
KZT
Kazakhstan Tenge
LAK
Laos Kips
LBP
Lebanon Pounds
LKR
Sri Lanka Rupees
LRD
Liberia Dollars
LTL
Lithuania Litai
LVL
Latvia Lati
MAD
Morocco Dirhams
MKD
Macedonia Denars
MNT
Mongolia Tugriks
MRO
Mauritania Ouguiyas
MUR
Mauritius Rupees
MXN
Mexico Pesos
MYR
Malaysia Ringgits
MZN
Mozambique Meticais
NAD
Namibia Dollars
NGN
Nigeria Nairas
NIO
Nicaragua Cordobas
NOK
Norway Kroner
NPR
Nepal Rupees
OMR
Oman Rials
PAB
Panama Balboas
PEN
Peru Soles
PHP
Philippines Pesos
PKR
Pakistan Rupees
PYG
Paraguay Guarani
QAR
Qatar Riyals
RON
Romania Lei
RSD
Serbia Dinars
RUB
Russia Rubles
SAR
Saudi Arabia Riyals
SBD
Solomon Islands Dollars
SCR
Seychelles Rupees
SEK
Sweden Kronor
SGD
Singapore Dollars
SHP
Saint Helena Pounds
SOS
Somalia Shillings
SRD
Suriname Dollars
SVC
El Salvador Colones
SYP
Syria Pounds
THB
Thailand Baht
TJS
Tajikistan Somoni
TND
Tunisia Dinars
TRY
Turkey Lira
TTD
Trinidad and Tobago Dollars
TWD
Taiwan New Dollars
TZS
Tanzania Shillings
UAH
Ukraine Hryvnia
UGX
Uganda Shillings
UYU
Uruguay Pesos
UZS
Uzbekistan Sums
VEB
Venezuela Bolivares
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Vietnam Dong
XCD
East Caribbean Dollars
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I've found your comparisons really useful and frequently refresh the page as we're about to pay a deposit on a house in Turkey. Pretty good.

Fiona Aitkin

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