Data continues to show foreign buyers was hysteria

Stuff reports:

Only just over 3 per cent of houses sold or transferred in the March quarter went to foreigners, Stats NZ data shows.

Of the properties which transferred to new ownership in the three months, 3.3 per cent went to people who were not citizens or residents, up from 2.9 per cent in December.

But Labour said 40% were being sold to foreigners with Chinese sounding names.

“The proportion of overseas sellers also increased in the March quarter, to reach 1.5 per cent, after staying steady at 1.3 per cent for a year.”

So the difference between foreign buyers and sellers is just 1.8%.