0.4% of NZ home transfers in Mar 2024 involved non-resident overseas buyers, unchanged since 2019 due to the Overseas Investment Amendment Act 2018.

0.4% of home transfers in New Zealand in the year ended March 2024 involved overseas buyers without NZ citizenship or resident visas, remaining static from the previous year. Since 2019, this proportion has been below 0.5% due to the Overseas Investment Amendment Act 2018, which restricted most overseas buyers. The law change has significantly limited overseas participation in the property market.

April 29, 2024
6 Articles

Further Reading