NZ overseas buyers ban ‘to push funds our way’

Original article by Turi Condon, Rosanne Barrett
The Australian – Page: 2 : 26-Oct-17

Ray White Group chairman Brian White says more overseas buyers could seek to purchase residential properties in Australia due to the incoming New Zealand Government’s decision to restrict foreign ownership to new housing developments. However, White adds that the Chinese Government’s crackdown on outbound investment is likely to have a greater impact on Chinese demand for Australian housing.

CORPORATES
RAY WHITE GROUP, LABOUR PARTY (NEW ZEALAND), AMP CAPITAL INVESTORS LIMITED, REAL ESTATE INSTITUTE OF NEW ZEALAND, CORELOGIC INCORPORATED

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