News
Foreign buyer ban bites

Friday 18th of January 2019
The bank’s latest Home Truths report suggests the sharp drop in house sales seen in the December REINZ data shows the impact of the foreign buyer ban, which came into force late last year.
Once seasonally adjusted and taking into account REINZ’s initial understatement of the number of sales in a month, Westpac estimates that sales are now about 10% lower than they w...
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