I wrote last Tuesday how a political war had erupted after the Labour Party’s housing spokesperson, Phil Twyford, released a large Auckland real estate firm’s data showing that almost 40% of buyers in the three months to the end of April had Chinese names, despite Chinese-New Zealanders making up only 9% of Auckland’s population.
This massive over representation, Mr Twyford claimed, meant that there was large scale investment from Chinese nationals investing in Auckland real estate, which has helped drive the massive 26% year-on-year price growth across the metro area.
