Ray White Chairman Brian White, says that New Zealand prime minister-elect Jacinda Arden’s recent decision to halt foreign investment in housing could benefit Australia.
New Zealand’s new coalition government has new restrictions on immigration and overseas property buyers.
Under the new rules, foreign buyers will no longer be able to purchase existing houses but can still buy new properties, a policy similar to the one introduced in Australia.
White said the move could push overseas buyers into Australian property.
PHOTO SOURCE: THE AUSTRALIAN
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