New Zealand Law Society

Navigation menu

2.8% of home transfers to overseas people in June quarter

31 July 2018

Statistics New Zealand says 2.8% of homes transfers in New Zealand in the June 2018 quarter were to people who didn't hold New Zealand citizenship or resident visas.

The share of home transfers to overseas people fell from 3.3% in the March 2018 quarter, although the number of home transfers to overseas people rose from 1,083 in the March quarter to 1,116 in the June quarter.

The total number of home transfers in New Zealand increased by 20.5% from 32,880 in the March quarter to 39,627 in the June quarter.

Statistics New Zealand says as well as the 2.8% of home transfers to "overseas people", a further 8.0% of home transfers were to people who held a resident visa, meaning they were not New Zealand citizens but could live in New Zealand permanently.

In the June 2018 quarter, 11% of transfers were to companies and other corporate entities. Information on the ownership of these corporates is not currently available.

Last updated on the 16th September 2019