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:

Salvation Army On Homelessness: Hard Times In West Auckland

The report details an uncomfortable story of people whose only option is to live an unhealthy, dangerous and damaging street life... The social housing needed by these people is not currently available in sufficient quantity. More social housing is required in the West. More>>

ALSO:

Message For PM: NZ Supports Te Reo Māori – You Should Too

As Māori Language Week celebrations and commemoration of 40 years draws to an end, the Māori Language Commission, Te Taura Whiri i te Reo Māori, is once again hugely encouraged by the widespread support for Māori language from throughout the country ... More>>

ALSO:

Arming Police: Frontline Police To Routinely Carry Tasers

"In making the decision, the Police executive has considered almost five years worth of 'use of force' data… It consistently shows that the Taser is one of the least injury-causing tactical options available when compared with other options, with a subject injury rate of just over one per cent for all deployments." More>>

ALSO:

Gordon Campbell: On D-Day For Dairy At The TPP

While New Zealand may feel flattered at being called “the Saudi Arabia of milk” it would be more accurate to regard us as the suicide bombers of free trade. More>>

ALSO:

Leaked Letter: Severe Restrictions on State Owned Enterprises

Even an SOE that exists to fulfil a public function neglected by the market or which is a natural monopoly would nevertheless be forced to act "on the basis of commercial considerations" and would be prohibited from discriminating in favour of local businesses in purchases and sales. Foreign companies would be given standing to sue SOEs in domestic courts for perceived departures from the strictures of the TPP... More>>

ALSO:

"Gutted" Safety Bill: Time To Listen To Workplace Victims’ Families

Labour has listened to the families of whose loved ones have been killed at work and calls on other political parties to back its proposals to make workplaces safer and prevent unnecessary deaths on the job. More>>

ALSO:

Regulators: Govt To ‘Crowd-Source’ Regulatory Advice

A wide-ranging set of reforms is to be implemented to shake up the way New Zealand government agencies develop, write and implement regulations. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news