The Star: September 15, 2016
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<strong>The</strong> <strong>Star</strong> follow us on facebook.com/riseupchristchurch<br />
Thursday <strong>September</strong> <strong>15</strong> <strong>2016</strong> 5<br />
Chinese interest in Chch property jumps<br />
• By Anne Gibson<br />
THE NUMBER of Chinese<br />
buyer inquiries about<br />
purchasing properties in<br />
Christchurch has jumped<br />
300 per cent compared with<br />
the same month last year.<br />
<strong>The</strong> Chinese Purchasing<br />
Intent Index on Juwai.com<br />
– the largest international<br />
property website for<br />
Chinese buyers – said<br />
Christchurch saw the largest<br />
increase in interest from<br />
Chinese buyers, comparing<br />
August last year, to August<br />
this year.<br />
Christchurch was the<br />
second top location in<br />
the country in terms of<br />
buyer interest, following<br />
Auckland.<br />
However, Gavin Norris,<br />
head of Australia and New<br />
Zealand for Juwai.com, said<br />
the number was still significantly<br />
lower than Auckland<br />
in absolute number of<br />
inquiries.<br />
Harcourts Christchurch<br />
business development<br />
manager Mike Mullen said<br />
the company did not keep<br />
statistics on overseas buyers.<br />
However, he said the<br />
number of Chinese buyers<br />
inquiring about properties<br />
in Christchurch did not<br />
necessarily mean they were<br />
buying them.<br />
“All I would say is our<br />
auction rooms continue<br />
to be active, there’s still a<br />
presence of buyers being in<br />
there,” he said.<br />
“<strong>The</strong> Chinese have a very<br />
active interest in property.”<br />
Christchurch Mike Pero<br />
real estate agent Sonia<br />
Tafilipepe said she was<br />
surprised there had been a<br />
large increase.<br />
“I personally don’t see<br />
it that high from what’s<br />
happening in the general<br />
market.”<br />
It comes as new Real<br />
Estate Institute of New<br />
Zealand figures show<br />
Proud installers of<br />
Christchurch house median<br />
sale prices have risen from<br />
$430,000 last August, to<br />
$435, 750 last month.<br />
<strong>The</strong> national median for<br />
August was $492,000, up<br />
5.8 per cent annually from<br />
$465,000.<br />
Nationally, inquiries<br />
about properties from Chinese<br />
buyers had jumped by<br />
50 per cent across the country<br />
compared to August last<br />
year.<br />
That contrasted with<br />
January when the number<br />
had declined.<br />
<strong>The</strong> Labour Party wants<br />
to ban foreign buyers, and<br />
Land Information New<br />
Zealand is collecting data<br />
on the number of foreigners<br />
buying properties here.<br />
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INTEREST: More Chinese buyers are inquiring about purchasing properties<br />
in Christchurch. It comes after figures show house prices across the country<br />
have risen. <br />
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