Being colonised by hot money:

‘Property whistleblower: It’s worse than you think

Insider tells Herald that 90 per cent of Auckland properties in May sold to overseas Chinese.   (emphasis mine kg)
‘….”We’re becoming tenants in our own country. It’s utterly outrageous. The Chinese are interested in Panmure, Ellerslie, Greenlane, Epsom, Remuera, the North Shore – not so much the west.”.
In some cases, a single Chinese resident was spending up to $15 million on Auckland properties and the higher the bidding at auctions went, the happier they were.
“They simply don’t care how much they pay. It’s not related to the CV. If they pay another $400,000 more, that’s $400,000 they’re better off as it’s $400,000 they have shifted out of Mainland China. If they continue vacuuming up all the existing properties at the current rate of consumption, what will that do? The Chinese will outbid everyone at the auction. I’m sick of the phone bidder from Guangzhou. I’m relieved that someone at last is talking about this,” the insider said of Twyford’s data…’

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5 Responses to Being colonised by hot money:

  1. KG says:

    Oh, and while I’m here:
    ‘Auckland’s coldest morning recorded in 64 years’
    Call Al Gore.

  2. Lara says:

    Now Susan dippy whatshername, is calling Labour racist. Devoid of a brain, that one! I bet she has no children either, doesn’t affect her…

  3. George Romero says:

    Xenophobic is what i think slater and his traitor flunkies call the dissenters of the chink takeover of our western societies.Housing is very desirable as this will displace the western natives and relegate them to dhimmi status when the half billion commies come knocking at the airport door.
    Slater called everyone wanting to highlight the chinese buy up of our housing stock RACIST BIGOT XENOPHOBE then had the gall to post a Pat Condell video today denouncing of all things “Progressive”It is sick that he can get away with such hypocrisy and he and his sick little luddites ban all opposing comments.evil-

    • KG says:

      Slater is a hypocritical slimeball, who plays to the lowest common denominator.
      And Lord knows, there are plenty of them.