Property investors from China are now the largest foreign buyers in New Zealand – overtaking buyers from neighbouring Australia, reports ONE News of TVNZ (17 March 2014). According to the Bank of New Zealand, 6.4% of homes in New Zealand are sold to offshore homebuyers, and 25% of the buyers are from China, bringing big bucks to property agents in New Zealand. Based on data from Juwai.com, investor interest in New Zealand properties have spiked tremendously. New Zealand was not even listed in the first 50 searches on Juwai just a mere 6 months ago. Today, New Zealand has shot up the ranks to land at #15 – including a growth of listings that currently number at approximately 8,000 homes.
