Finance Minister Bill English has signalled that further steps to address housing shortages in Auckland will be announced in the Budget to help more people into their own homes.
It comes after new data revealed 3 per cent of the 45,115 houses sold nationally between January and March were bought by non-residents. In Auckland, overseas buyers snapped up 4 per cent of the 11,995 homes sold. Chinese buyers accounted for 2.3 per cent of all sales and almost 60 per cent of sales to non-residents.
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