- The day of blaming Auckland for Nelson-Tasman’s housing woes might be over. Jonathan Carson reports on who’s buying property in the region as part of the Close to Home project.
The rise of rich Auckland property investors swallowing up Nelson-Tasman’s limited housing stock is a myth, according to new data.
Auckland “multiple property owners” – or investors – made up between one and three per cent of house buyers in Nelson-Tasman in the year to July.
The buyer classification data from Core Logic, released for the Close to Home project, shows that the influence of Auckland investors has fluctuated slightly since 2005, but the so-called housing crisis hasn’t caused them to flood the Nelson-Tasman market – yet.
READ MORE from Close to Home:
* Introducing the Close to Home project
* Nelson-Tasman’s housing market ‘frenzy’
* Home ownership dream ‘unreachable’
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MARION VAN DIJK
Non-Auckland investors have bought a third of houses in Nelson-Tasman in the past year.
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