REINZ CEO comment on LINZ non-residents buyer data

Colleen Milne, Chief Executive of REINZ, said:

“At REINZ we are pleased that the LINZ data on buyers is being collected. It is good news that a clearer picture is being put together so that more informed decisions can be made.”

“The 3% figure of New Zealand homes bought by non-resident buyers in the last three months is in the range of what we anticipated.”

“For us, the most important thing is a lack of supply – more houses need to be built in Auckland and around the country to meet the challenges we face.”

ENDS