CORRECT: Overseas buyers missing in action, building consents dip in March

CORRECT: Overseas buyers missing in action, building consents dip in March
Rebecca Howard
(Fixes incorrect percentage change for actual building consents in 10th paragraph) By Rebecca Howard May 2 (BusinessDesk) - Overseas buyer activity fell off a cliff in the first quarter of the year after restrictions to bar foreigners from snapping up existing homes took hold.  Home transfers to people who didn’t hold New Zealand citizenship or a resident visa fell more than 80 percent in the March 2019 quarter compared with the same period a year earlier, Stats NZ said.  “Overseas people acquired just 0.6 percent of homes transferr...

More Property

Beachlands South development appeals settled
Property

Beachlands South development appeals settled

Appeals challenging the approval of a plan change for the Beachlands South development have been settled, paving the way for the multi-billion dollar project to proceed.“The success of negotiating a sensible outcome means that the development process can now move forward with the...

Staff reporters 11 Dec 2024
Winton 'stands to gain millions': MP
Property

Winton 'stands to gain millions': MP

The proposed fast-tracking of Sunfield is 'cronyism', local MP claims.

Maria Slade 11 Dec 2024
Olliver avoids bankruptcy – for now
Property

Olliver avoids bankruptcy – for now

A bid by BNZ to bankrupt the developer has been adjourned until February.

Maria Slade 10 Dec 2024
‘Unjust’: NZers battle Queensland tax laws
Property

‘Unjust’: NZers battle Queensland tax laws

State of origin battle develops over land taxes Queensland slaps on NZ buyers.

Garth Bray 10 Dec 2024