New Zealand Property Investors' Federation, (NZPIF) is the umbrella body for 20 local Property Investors' Associations throughout New Zealand.

Phone: (03) 357 9243

Email: www@nzpif.org.nz

News & Updates

Recent updates

13-12-2012

Australian buyers keen on Kiwi apartments

Landlords.co.nz

Australian investors are as strongly present in the Auckland market as their Chinese counterparts, says Auckland Property Investors Association president David Whitburn.

Chinese investors have been a hot topic over recent months. Auckland real estate agents suggested they were pushing up the prices of houses and in many cases, were not planning to live in them.

Several political parties have called for restrictions on foreign property investors in the New Zealand market.

But Whitburn said the Australian buyers seemed to be operating under the radar.

He said Australians were particularly strong in the Auckland apartment market.

“They think anything over 5% is a good gross yield and if it’s close to beaches, they think that’s got to be good buying.”

Tags: david whitburn

Source: Landlords.co.nz

comments powered by Disqus