Important correction to Property transfer statistics: June 2022 quarter – information release

Important correction to Property transfer statistics: June 2022 quarter – information release

28 July 2022

This is to notify you of an important correction to Property transfer statistics: June 2022 quarter.

The correct value for the percentage of home transfers to people without New Zealand citizenship or resident visas in the June 2022 quarter was 0.3 percent. This was previously published as 3 percent. We also corrected this in two places in the section ‘Home transfers by buyer type’ in the fourth bullet point of each bulleted list.

The correction was only to the text. The tables and Infoshare are unaffected.

Key facts

This data has been randomly rounded to protect confidentiality. Individual figures may not add up to totals. Counts below six are suppressed.

• There were 42,396 property transfers, including 33,507 home transfers, in the June 2022 quarter.
• 0.3 percent of home transfers were to people without New Zealand citizenship or resident visas in the June 2022 quarter, unchanged from the June 2021 quarter.
• In the year ended June 2022, the areas with the highest number of home transfers to people without NZ citizenship or a resident visa were Christchurch city (78 home transfers), Queenstown-Lakes district (54), Albert-Eden local board (42), and Waitematā local board (39).

Home transfers by buyer type

There were 33,507 transfers involving a home in the June 2022 quarter (down 25 percent from the June 2021 quarter). Of these:

• 78 percent (25,995) were to at least one NZ citizen
• 11 percent (3,747) were to corporate entities only (these could have NZ or overseas owners)
• 11 percent (3,666) were to at least one NZ-resident-visa-holder (but no citizens)
• 0.3 percent (96) were to no NZ citizens or resident-visa holders.

In the year ended June 2022, there were 143,931 home transfers (down 21 percent from the year ended June 2021). Of these:

• 78 percent (112,527) were to at least one NZ citizen
• 11 percent (15,765) were to corporate entities only (these could have NZ or overseas owners)
• 11 percent (15,138) were to at least one NZ-resident-visa-holder (but no citizens)
• 0.3 percent (495) were to no NZ citizens or resident-visa holders.

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