Property Investment Blog

All Posts

Little change in new NZ foreign buyer data

approvals.jpgForeigners bought three per cent of all New Zealand properties sold between April and June this year, new data from Land Information NZ shows.

While the national figure is similar to the previous quarter, there has been a one per cent increase in sales in Auckland to foreign tax residents.

There was a total of 57,678 property transfers across the country and 1749 of them involved foreign tax resident buyers, which includes trusts and companies as well as individuals.

In Auckland the number of sales involving foreign tax resident buyers increased from 474 (four per cent) in the January to March quarter to 900 (five per cent) this quarter.

LINZ deputy chief executive Russell Turner says the data isn't a register of foreign ownership, but it can "add to the picture of what's happening with property in New Zealand".

LINZ has been collecting data about the tax residency of property buyers and sellers since October last year.

It follows changes made by the government to ensure people meet their tax obligations.

 

Register now

Real Estate Investar Editor
Real Estate Investar Editor
Real Estate Investar provides intelligent software, tools and data to help you save time and make money in the residential property investment market.

Related Posts

RBNZ Announcement - 13 November 2019

Reserve Bank of New Zealand Announcement - 13 November 2019

[On-Demand Webinar] How to Find Positive Cash Flow Properties

Learn how to find and analyse positively geared investment properties In this webinar replay, you will learn how to find property that will pay for itself, assist with finance serviceability and provide income regardless of what's happening in the property market.

RBNZ Announcement - 25 September 2019

Reserve Bank of New Zealand Announcement - 25 September 2019