The Herald reports:
About 50 Chinese buyers packed a real estate agency office in Epsom, and snapped up 23 sections within minutes of release yesterday. …
Mr Law said all were either New Zealand citizens or permanent residents.
Mr Law said just one of the 150 sections sold in the subdivision so far went to a foreigner – a Chinese national waiting for his permanent residence visa.
So not a foreign investor.
Five purchasers declined to be interviewed when approached by the Herald, and one said Labour’s claims and recent media reports had “turned Chinese into crooks”.
Labour’s data implied 30% of Auckland house sales are going to foreign investors from China, because of their surname. If I were them, I’d be nervous about what the real data will show post October.