Foreign buyers estimated at 29%

[neopoleII]

With all the turmoil in the world over the last several years.....
And NZ being at the bottom of the world and a long way away from global issues......
It seems alot of people with money are looking for a safe haven.....
And NZ is a safe haven and their currency is finding its way to NZ.
There is nothing wrong with this.
Howerever...... there are people in NZ that cant, couldnt, didnt want to, are unable to...... find a spot that they can gain from the immigration wave.
But then..... how many kiwis can afford a house and section in other first world principal cities?
Imagine a family cashing their Mt Eden home in and buying a similar home with land in New York or Paris or Frankfurt.... """dreaming"""
NZ is no longer a pacific island holiday destination.
Free, cheap or government subsidized stand alone housing with front yard, back yard and grapefruit trees in Auckland is now a fantasy.
Yet some political parties think every kiwi has the right to have this in Auckland.
Whats wrong with a 1/4 acre in Dunedin?

[GTM 3442]

With all the turmoil in the world over the last several years.....

Whats wrong with a 1/4 acre in Dunedin?

The quarter acre sounds fine. As for Dunedin. . .

Seriously, New Zealand has no way to tie property ownership to nationality or residency. Even if there were such a thing as a national ID card, there would still be the obscuring effect of trusts, companies, and other non-individual forms of ownership.

So anecdotal evidence is all that there is to go on.