Interesting story...a real estate agent celebrates selling a house to a foreign (from PRC) buyer. Her justification being that she achieved the best price for the vendor. It sounds reasonable on the face of it - after all that is one of the reasons behind home owners' selecting a good agent. However with the number of increasingly wealthy people in China, without NZ having meaningful controls, there is nothing to stop Chinese or other foreign buyers from gazumping local NZ residents in owning NZ housing.
http://www.nzherald.co.nz/business/n...ectid=11885213
Is it something to celebrate that the government (I.e. National) is letting this continue to happen as home ownership rates fall and first home owners are increasingly shut out of the market?