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New Zealand bans foreign residents from buying homes

Se pitonu'u o Ueligitone
Se pitonu'u o Ueligitone. Source: AAP

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.


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By Evan Young

Source: SBS



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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.



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