1.1% of Auckland rates bills go overseas

NBR reports:

Auckland Council has revealed how many of its rates bills are sent overseas.

Of the 535,057 rates bills sent out, 5617 or 1.05% are sent overseas – 2885 to Australia and 2732 to the rest of the world.

Yet would have you believe 30% of houses are being purchased by foreign Chinese.

This is far more reliable data than Labour’s surname analysis.

It isn’t perfect. Some foreign owners may have someone locally pay the rates for them. But likewise many of those foreign addresses may be NZ citizens who are working overseas. But it gives us some idea of the likely magnitude of foreign ownership.

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