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REINZ Releases Sales Statistics

August 12, 2019

The REINZ releases sales statistics that the number of residential properties sold across in New Zealand in the month of July was the highest for 3 years.

The median house price across New Zealand was $575,000 and for Auckland it was $830,000.

For further details please read the press release;

REINZ Results July 2019

Anti-Money Laundering (AML) and Countering Financing of Terrorism Act 2009.
The Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act) was expanded to apply to real estate agents from 1 January 2019. Specific information can be found here.
The AML/CFT Act introduces customer due diligence requirements on real estate agents and requires us to complete risk profiles and have an established AML/CFT compliance programme in place.
Customer due diligence (CDD) is not optional and the Department of Internal Affairs is the AML/CFT supervisor charged with monitoring compliance.

We have an obligation to conduct CDD on:
Our client, any beneficial owner (25% or more) of the client, and any person acting on behalf of the client.

This will require gathering information and certifying identity, and in some instances also verify the source of wealth.

Every precaution has been taken to establish the accuracy of the material on this website. Users of this website should not confine themselves to the contents, but should make their own enquiries to satisfy themselves in all respects. Legacy Partners Limited and Legacy Realty Partners Limited will not accept any responsibility should any details prove to be incomplete or incorrect.

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