Statistics New Zealand has continued to collect data on non-resident purchases of New Zealand homes, and the results are interesting:
In the September 2018 quarter, 9.8 percent of home transfers in Auckland inner city (Waitemata local board area) were to people who didn’t hold NZ citizenship or a resident visa, down from 22 percent in the June 2018 quarter, Stats NZ said today.
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Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
