Non-Kiwis buy 3.3% of homes in 1Q as upscale Queenstown-Lakes trumps Auckland

Thu, 07 Jun 2018

By Rebecca Howard June 7 (BusinessDesk) - Just over 3 percent of 'home transfers' in New Zealand were to non-Kiwis in the first quarter, based on new data that tracks ownership changes from Statistics New Zealand. “The proportion of homes transferred to overseas people rose to 3.3 percent in the March quarter, from 2.9 percent in the December 2017 quarter,” Stats NZ property statistics manager Melissa McKenzie said. Foreigners are classed as people who don't hold local citizenship or resident visas. Stats NZ has taken over the task of...

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