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At least 1000 immigrant millionaires have spent the million buying a house in Auckland over the past few years. These are houses that would have sold for only,
by vorg 9y ago
At least 1000 immigrant millionaires have spent the million buying a house in Auckland over the past few years. These are houses that would have sold for only, say, 950,000 if those immigrant millionaires hadn't been in the buyers market, so I guess that's created an extra office job or two at the local banks and real estate offices.
An immigrant billionaire might buy a mansion with airfield attached for his armageddon hideout. Or he might grow a business employing immigrant workers on work visas. Some citizens might get jobs in the service sector servicing them.