New Zealand will impose a ban on foreigners to buy existing homes. Limited stock, low interest rates and immigration have driven prices up in recent years. Photo: AP

New Zealand’s upcoming foreign buyer ban set to hurt housing prices, says Westpac

Australians and Singaporeans are exempt from the ban, while foreigners could still make limited investments in new apartments in large developments

Topic |   International Property

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New Zealand will impose a ban on foreigners to buy existing homes. Limited stock, low interest rates and immigration have driven prices up in recent years. Photo: AP
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