New Zealanders have been priced out of the housing market in their own country. There are new laws or new laws pending that forbid foreigners purchasing New Zealand property.
New Zealand and the land of Oz have made it tough for foreigners to enter their countries without a lot of money on hand and probable income for decades.
Once, they are admitted in country, a lot/many of the new comers had the money to buy homes and/or properties in their new countries. That drives up the prices for desirable properties.
An interesting side effect coupled with the growing suicidal PCism in Oz, will be and is the return of American immigrants who have been there for at least a decade.
We know 3 families, whose sons or daughters have been in OZ for at least a decade, who are planning to comeback to America. Their property is worth a lot.
Since OZ has disarmed them and made PCism the lawless order, they no longer feel safe there.