Quote Originally Posted by minimoke View Post
It may be easy to move but as a NZ citizen you do not get any of the benefits Australians receive as an Australian citizen. Its all good until things start to go wrong.

The vacuum left by departing high wealth NZ'ers could be filled by high wealth migrants.
Wealthy people that move don't look for benefits. As Charlie Munger recently talked about at his Daily News AGM 2 weeks ago, paraphrasing that "Why would you not want rich people in your neighbourhood? They're not a burden to society, they don't fill up the jails.... they don't line up for gov't hands outs...". Many NZ citizens use private medical insurance for faster and better care despite - how would that be different to NZ citizens paying for private medical insurance in Australia?

High wealth migrants moving to NZ? That boat was long gone pre-2000 when overseas assets and equities could be sold tax free by a NZ resident. We have a ban on non-residents buying real estate in NZ (with exception of Sg and S. Korea). Vastly different to how Aus or Canada treats non-resident ownership of real estate. Australia allows foreign investment into NEW development and newly built houses. Canada's door is wide open as a trap so they can tax your overseas income if you make too much of a presence / tie with the country. But there's no need to just read the news, just ask the real estate agents on where are the high net worth individuals coming to NZ? We have a Thai neighbour down the street that has chosen to put their house up for sale (after all they spent most of their time in Thailand). But deep down, the reason is they can't form a tie in NZ anymore from the real estate ban and decided to just simply stay in Thailand.

Just look in the past 2 years where global capital outflows have gone? Brexit and EU issues... they've moved their wealth to the USA because they're the friendliest to foreign investment. (it's apparent by the strong USD currency).