Originally Posted by
Blue Skies
Statistics NZ is the source, as quoted in a number of diff media including Interest.co.nz.
First 3 months of 2018, 1 in 5 houses sold in Waitemata Ward (Central Auckland, which includes Auckland CBD, Parnell, Grafton, Herne Bay, Ponsonby, Westmere, Grey Lynn, & Waiheke,) were to overseas buyers. It's lower in other areas e.g. 1 in 7 houses in Western North Shore ( Beach Haven, Glenfield, Northcote, Birkenhead) so concentrated in some areas, but still too high & this 3% overall nationally figure which gets quoted is misleading & implies there isn't a problem when clearly there is in some areas where there is already a housing shortage.
Appreciate for some there may be a degree of xenophobia , but that shouldn't cloud the fact that most of us welcome diversity & new immigrants, it's the rampant speculation on housing stock by overseas buyers which is shutting young families & esp Maori out of owning their own homes & the downstream consequences of that, which I worry about.