Land Information New Zealand (LINZ) has released its latest quarterly report on property transfers and tax residency.
The report, for the quarter to 30 September 2016, is collated from information provided on the tax statement provided when people buy, sell or transfer property.
Number of transfers, for quarter ending
Transfers | 31 March 2016 | 30 June 2016 | 30 September 2016 |
Overall | 45,114 | 57,678 | 53,991 |
Number involving overseas tax resident buyers | 1158 | 1749 | 1431 |
Percentage | 2.6% | 3.0% | 2.7% |
Number involving overseas tax resident sellers | 1062 | 1560 | 1503 |
Percentage | 2.4% | 2.7% | 2.8% |