"Auckland is the biggest driver of Chinese demand. The city accounts for 55.2 per cent of all Chinese buying enquiries," Norris said.
However, Christchurch is growing in popularity: Of all New Zealand cities, Christchurch has had the biggest run-up in Chinese demand this year, with the Juwai.com Chinese Purchasing Intent Index for Christchurch 300 per cent higher in August than the same month last year.This looks high, in part, because Christchurch attracts relatively few buyers, so any change looks large in percentage terms.
"Christchurch is still significantly below Auckland in absolute number of inquiries," Norris said.
Oamaru has emerged as a location where Chinese are searching for properties currently. That features as the fifth most popular here, headed off by Auckland, Christchurch, Queenstown and Wellington, Juwai data showed.
Auckland is the biggest driver of Chinese demand. The city accounts for 55.2 per cent of all Chinese buying enquiries.
Chinese are searching for properties in certain price bands.
"Sixty-seven per cent of Chinese buyer inquiries are for properties worth $691,000 or less. This suggests most are buyers of units. The price range of $691,000 to $1.4 million is the next most popular, with 23 per cent of all enquiries," Norris said.
CHINESE BUYER TOP LOCATIONS
1. Auckland
2. Christchurch
3. Queenstown
4.Wellington
5. Oamaru
[Source: Juwai.com]