Stats is a very principled discipline, break those principles and the data is flawed, welcome to maths 101, bought to you by 1000's of years of mathematical development.

It doesn't stop a maths illiterate like continuity announcer Hoskings commenting…

That would greatly affect the results, but in this case this you can get a ballpark of the…

* For a start, 10% of the data is irrelevant because those transactions were exempt because they were "grandfathered" — commenced before the October 1st start date.

*…

The tax data shows that between January and March 31 2016, three per cent of property (buyers) transfers, involved people who are registered as an overseas tax resident.

Land Information New Zealand began collating tax data last year to get a better picture of the housing market. However it…

Yeah, I figured it was a little too meta…my initial reaction was to dismantle the analogy point by point but there’s just too much there:

reacted emotionally as Chinese and not as citizens of New Zealand

…

PS Oh, I see you changed your previous…

That's a few centuries late but good on ’em!

Also being discussed here;

http://www.interest.co.nz/business/76728/number-chinese-investors-applying-nz-residency-jumps-48-over-past-year-competition

Student must be what they stated as their occupation at the time of registering on the electoral roll. A foreign student studying in NZ, who enters on a student visa – cannot vote –…

But you did kind of, didn't you?

What interested me is that both people are listed as students on the electoral roll. WTF?

New Zealand Education™ – Big Business since 1989:

Nearly 100,000 international students chose New Zealand for their studies abroad…

What interested me is that both people are listed as students…

I'll ballpark the urban Auckland Area sometime when I have time,…

"Evidence? He don' need no steenken evidence, meesta..."

One cannot discern anything of any size amidst smoke and mirrors :-).

No.

What a effing stupid conclusion.

All you can conclude, is that people of Han Chinese ethnicity…

http://www.interest.co.nz/news/76601/latest-roy-morgan-poll-sees-national-suffer-sharp-fall-their-main-rivals-benefiting-first#comment-821036

There are lines – the current problem is that they don't have capacity to ship power South, not North. Obviously, power doesn't have to be transmitted…

Meanwhile, Steve Braunias opens [[http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11482790|The secret diary of…

And if Tiwai Point shuts down, Tim Shadbolt will naturally blame the Govt in power, making things more interesting still. In any case we’ll probably have cheaper electricity, and powerco investors will take a bath, making a mockery of the…

Twyford’s political MOAB will either go horribly wrong and cause considerable team-kill casualties, or it’ll go horribly right and a lot of shady characters will propel Labour to victory in 2017.

because Joyce and English both knew the downturn was coming

JK called the election early for a reason.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11482771

They've been to nine auctions so far and all nine have been won by telephone bidders.

He did feel like he was up against it.

'Course, the tenant has to…

Grauniad article by Elle Hunt: New Zealand Labour defends claim that foreign Chinese are buying up houses

Yeah, nah. The Property Titles layer "provides title information (excluding ownership) where there is a data link to one or more primary…

And the members are on both sides of the Aisle.

Unfortunately, such meaningful reform is up against a property-owning class that’s more powerful…

The latter at least is also Labour policy. Not sure about security of tenure. But it's not just the Greens.

Yes. Let's see more parties than the Greens promoting that.

only in presentation

It is. But, as with the ethnic Asian population in the study, that doesn't really matter much. The method of estimating the proportion of people in the data who are, in fact, Pacific people, is quite sound, when…

It made a difference to me when the change in house prices meant my equity got bigger and I didn't have to pay "low equity insurance" anymore. It also…

If you own a house, changes in the prices of houses obviously dont…

I think the data eventually becomes public once the title transfers are registered by LINZ

You’re pretty much saying the data isn’t all public, ever, and even what is public is at considerable (at least for a lot of data) cost, which…

Property title records show a property's proprietors, legal description and the rights and restrictions registered against the property title – for example, a mortgage, easement or covenant.

So the owner's name would be there. Obviously if you want thousands of records doing this…

Sure it is – QV sell access to the LINZ database – $5.95 for the Certificate of Title on…

It would be an interesting case – as I think the data eventually becomes public once the title transfers are registered by LINZ? Not sure what bearing, if any, that has on it – but would be interesting…

Yup, which is why they can't be treated as impartial commentators, and it's also why they're crucifying the leaker. Not the only reason, of course – issues of confidentiality come up in data…

I think it should be limited at the least. In the long run, there's no way that gradual racial integration can happen if foreigners are blocked from owning at all. And in bringing money…

And so it goes on.

When you own a house, or aim to own one, those are the same thing. The cost of owning a more expensive house is a larger mortgage. You’d have to be an economist not to…

Except that one fundamentally affects housing costs (i.e. rent), the other merely affects asset prices.

Col Trotter's trying to play the Waitakere Man "PC gone mad" card again. He goes to show the neo-cons don't have a monopoly on playing it.

I really hope their statement said "As real estate agents, we pride ourselves on the highest standards of integrity at all times." That would be awesome.

by writing things like

__"Of course in gentrifying areas like Ponsonby, the $20,000 villa of the 1970s is now fetching closer to $2 million than $1 million. All without anyone from mainland China in sight.

The only ethnic change in these desirable suburbs is the…

Well, you've done a splendid job of rebutting an argument Rudman wasn't actually making. Care to take another pass?

I really, really dislike that article.

My reason for that is by saying mainland China migration to Ponsonby is not the…

He misrepresents the economic reality of the effects of globalization;

__Unfortunately, the finger is being pointed at citizens from our largest trading partner, flush with the cash we…

so did Muldoon during 70s hyper-inflation – in fact I suspect just about every finance minister does this, it’s a situation where you actively have to do something…

That 'wealth effect' – all residential property rising in value, which increased more local borrowing (lots of commentators refer to using the house as an ATM) and hence, spending to renovate, travel, buy a new car, start-up new businesses, etc.…

Is Matthew Hooton NZ's answer to Boris Johnson in some ways, with the exception of the mayoral chains?

Of course in gentrifying areas like Ponsonby, the $20,000 villa of the 1970s is now fetching closer to $2 million than $1…

How does that create a * fiscal * surplus, though? The Clark/Cullen administration stayed in surplus simply because they had an efficient public service and ran…

Accepting your general point about Labour and message, I don't think Labour can control who National Radio chooses. Doubt National have been too happy with Hooton bagging Key and senior ministers…

Credit was tight – cash was King, hence the cheaper prices.

I love your work. I believe it was the pound sterling flying in in the early 2000s. If I recall it was an…

In this crazy world of shadow banking and off balance sheet accounting, we really, really, really haven't even a handful of New Zealanders who could…

Maybe already posted here .. but Fran O'Sullivan has taken Joyce to task on that 'wooliness' big time;

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11480867

NZH – Fran O’Sullivan: Govt must act over foreign house buyers

www.croakingcassandra.com/2015/07/14/offshore-demand-for-houses/

No, I dispute that they're a basket case. They're still twice the party that the Greens are, even at their absolute worst, in terms of support. The perception of them fucking…

Swan, I told you that the scenario you propose would literally wipe off my entire net worth. That's affecting my economy right there. And…

Here's the thing: there will never be a Labour/Green government until…

No, it's…

ooh, you should see mine.
#twisted

reckon.
#recklessbullshitters

At least with Labour aiming at the target and missing, causing collateral damage amongst the "Hand Wringing Set" we know that they are not just having "Brain Farts" and using expensive PR sluts to…

I know I'm late to this discussion, but how come it's OK for Hong Kong and Singapore to target mainland Chinese, but we can't even acknowledge that it's a potential/likely issue here ?

And are you seriously…

Nuts. Which other nations ignore the largest part of their economy, statistically?

No, that is not what I said at all. So Craig, while you are wringing your hands could you refrain from…

Surge in Chinese housebuying spurs global backlash

Or how about we just take a deep breath and admit this is wonderful framing for the element of the Labour Party who are desperate for…

yep. and the whole public even subsidise them to do it.

And the rest of us would have ignored them, as we do every day.

Labour’s achievement was to alienate a great many more, non-mouthpieces all.

No.... really... Barfoot and Thompson surely wouldn't do that, I mean, they are so supportive of Labour and heaven forbid, would they really talk up property values?.
/s

Yes, Andrew Little could have made a visionary…

Anything really. The National Party's mouthpieces would find a way for it to look bad, as they have this time.
The fact of the matter is that even your carefully written piece would still be regarded a racist because you dared to mention China, had we…

Why don't Stats collect proper data in this area, anyway? They could get the transaction data from Linz, you would think, and provide figures for total volume, average price/GV, etc. It's…

Imagine if they’d said:

__Foreign Investors Skew Auckland Housing Market

Anyone who lives in Auckland will have heard of anecdotal stories of non-resident Chinese investors snapping…

As one of the black guys in Platoon said "Sheesh man, you has to be rich to think that…

If "listening to what Keith and Tze Ming and Chinese New Zealanders are saying about this instead of dismissing their concerns out of hand because they might make Labour look bad" makes me a handwringer, then guilty as…

For those who (in good faith, let's assume) want to explain away racism as secondary or a distraction ("that's not the issue"), it is enough simply to assert our…

Not in income. from NZStat Selected ethnic groups (total responses) by total personal income (grouped), for the census usually resident population count aged 15 years and over, 2013 (RC, TA,…

But a fair bit of the avoidance is lawful, which makes it difficult. The two big holes you can drive a truckload of cash through are that residents can buy existing houses, and that no-one is actually…

The ten year cutoff would have been an operational decision within IRD about which transactions to target, just as they make operational decisions from time…

Yes, puzzling to say the least. That is the reason I think that if we are to continue down the road of welcoming…

Brief backstory
Back in the early 2000s the IRD had…

They've just begun a crackdown after acknowledging they have huge avoidance problems.

I think that’s largely related to the fact that a big…

Bureaucracy gone mad? Or NIMBYs, especially the 'Epsom property rights' kind?

So how is that “demographic data” then supposed to look like? Maybe not even the Real Estate agencies have data on persons’ residency status? There have been ample comments by many people…

I guess there's a first time for everything. Maybe there could…

No, it was Cats and Dogs. Great film.

Yes, there is…

Mind you they also charge foreign real estate investors 30-45% capital gains tax

Crikey writer Bernard Keane last year exposed the relationship between Chinese foreign investment and housing affordability for the farce that it really is. Citing the Foreign Investment Review Board's 2012-13 Annual Report, he stated the bulk of Chinese foreign investors were purchasing new dwellings, a fact that's unlikely…

__Due to the bubble in Canadian house prices and ensuing concerns over social dislocation, Canada's government shut down its investor visa program last year. Some 40,000 Chinese visa applicants with a minimum loan to governments of $C800,000 were handed back their capital.

"That's…

No, they would be bailed out by the depositors being 'bailed in' – see RBNZ for details on the OBR (Open Bank Resolution).

The cats and dogs could end up feeding us!

Gah! Now I'm thinking you were quoting Orphan Black..All I'm channelling here is a psychopathic Russian accent, but I'm getting memory interference.