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NZ banned foreign investors and average home prices are up about 50% in the couple of years since that happened. Foreign buyers just don't make up enough of th
by missedthecue 4y ago
NZ banned foreign investors and average home prices are up about 50% in the couple of years since that happened.
Foreign buyers just don't make up enough of the market, and neither do people with 5+ residences.
- Chilko 4y agoThe lack of any capital gains tax plays a big role in this case