Is Foreign Investment in NZ Real Estate a Problem? The Nation 24/11

This week a real estate agent admitted what few agents will -- that he was worried Kiwi buyers could not compete with cashed-up Chinese investors who are paying top dollar for Auckland homes. Chinese buyers have been active in the market recently, after new rules restricted how many properties they can buy in their homeland. So what does it mean for housing affordability here? Rachel Smalley is joined by real estate agent Graham Wall and Professor Laurence Murphy from Auckland University to discuss the issue.

Comments

1. Rich people worried about WWIII and they believe New Zealand would be one of the last safe places left on Earth, since the Northern Hemisphere would be smothered in radiation.
2. the guy in the middle was a bit unease at first coz he knows what he is doing is driving the housing market.. and then he gains confidence realizing the conversation is favourable...
3. In some countries one cannot buy whatever they want,this way the country is protected from economic takeover like what we are seeing in NZ and the US.. Don't be naive Kiwis ! Dont allow these money grubbers like the guy in the middle to talk you into loosing what is yours..Aeoteroha my home
4. Auckland...the new Biejeng !