New Zealand Law Society - LINZ releases latest property transfer report

LINZ releases latest property transfer report

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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%