New Zealand bans foreign residents from buying homes

A ban has been placed on foreign residents buying homes in New Zealand in an attempt to arrest housing inflation and growing vacancy rates. It sets rules roughly in line with Australia's and prevents overseas residents from buying existing residential property.

Residential housing in Wellington, New Zealand

Source: AAP


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By Evan Young, Fatemeh Hashemi
Presented by Fatemeh Hashemi

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New Zealand bans foreign residents from buying homes | SBS English