Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


PM Wants More And More Foreign Ownership of New Zealand

PM Wants More And More Foreign Ownership of New Zealand

Prime Minister John Key is New Zealand’s number one real estate salesman, says New Zealand First Leader Winston Peters.

“He knows we have ‘location, location, location’ and he won’t be happy till much of our land and many of our homes are gone. His suggestion that restricting foreign ownership is ‘silly’ proves he is absolutely out of touch with Kiwis.

“New Zealanders are alarmed about foreign ownership, not just of our homes, but of our land and our companies – and people in other countries have the same concerns,” says Mr Peters.

“This former currency trader doesn’t even have his finger on the pulse – he is blind to the fact that ‘hot cash’ is sloshing around the world and being pumped into land and property ownership, often simply for investment.

“In Australia the concern is so great a government inquiry has been launched into the effect of foreign ownership on housing affordability for the average Aussie. In 2013 foreigners spent $37 billion on real estate in Australia.

“Canada is blocking foreign ownership and Hong Kong is now taxing foreigners to prevent a property bubble as house prices kept rising.

“A New Zealand government’s role is not to hold the door open to a river of money saying we are up for sale. That is a sell-out not just of the country, but for many Kiwi’s hopes and aspirations of home ownership.

“The Prime Minister fails to understand that a home is not just an asset, it is where we obtain a stake in our country.

“Certainly New Zealand needs to build more homes for New Zealanders, but not more homes for foreigners who want an investment property.

“The best the National Government can say is that there is no data on foreign ownership. Well, that’s their fault, they refuse to keep any. New Zealand First has been calling for a register of foreign ownership of farmland and homes for long enough.

“John Key is so out of touch – has he not heard young Kiwis saying they will never own the Kiwi dream – a home of their own?” says Mr Peters.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news