REAL ESTATE – NEW ZEALAND – RESIDENTIAL

NZ overseas buyers ban ‘to push funds our way’

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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

‘Most obvious bubble on planet’

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Original article by Geoff Winestock, Su-Lin Tan
The Australian Financial Review – Page: 12 : 30-Sep-16

The Reserve Bank of New Zealand has warned about a correction in property prices. A sharp fall in prices is likely to occur because of a high level of household debt, at 163 per cent of disposable income, and an excessive exposure of NZ banks to housing. Mortgage loans constitute around 55 per cent of the banks’ total assets. In Australia, the household debt exceeds 180 per cent of disposable income and mortgages make up 62 per cent of the banks’ assets.

CORPORATES
RESERVE BANK OF NEW ZEALAND, RESERVE BANK OF AUSTRALIA, MARKET ECONOMICS PTY LTD