That 10% foreign number is way low. There is lots and lots of evidence of numerous shady deals and shell companies etc. One only has to look at the change in demographic over the last 10 years to see that something doesn't jibe. I'd peg the number at 20% at least. And its buying skewed to the high end of the market which has an additional trickle down/cascading affect and those purchases an additional weighting.
Don't read too much of Garths blog at least not exclusively. He's got some good thoughts but also tends to stick his head in the sand on certain issues. Rarely does he rip facts apart in a consistent fashion. Politician through and through.
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