Overseas Chinese buyers play a little part. They are used by local (PR or Citizen) in speculation purposes and tax evasion purposes.
It is a known secret, many agreements signed by local PR was assigned to overseas buyers (before the law change) and their names used in making unaccounted profits and making IRD difficult to trace and prosecute.
This method was widely used with collaboration from real estate agents, conveyancers, banks (by allowing credit to overseas buyers in the past). This is now blocked by legislation and anti-money laundering and tightening credit.
It won't affect much as the market is adjusting back to a more transparent and healthy era, it is slowly weeding off the dark side of the market.
NZ economy is still doing fine, just need the right leadership. 作者: AlphaZ 时间: 2019-1-22 14:24:08