Unreliable data won’t help foreign buyer issue
People of Chinese descent were responsible for 39.5% of Auckland property transactions between February and April this year - according to controversial data released by the Labour Party over the weekend.
However, the data, which came from an unidentified real estate agency, relied heavily on Chinese sounding surnames and conjuncture about whether the buyers in questions were resident in New Zealand or not.
Property Institute chief executive Ashley Church said the claims were reprehensible and an exercise in unveiled racism.
He described the data as “shonky” and said it had “so many holes in it that it would be marked with an ‘f’ if it was submitted as a High School Economics project”.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)