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

Gordon Campbell:
On War Crimes And The Afghan Insurgency

Truly, with friends like former defence Minster Wayne Mapp, the SAS does not need enemies. At the very least, the Hit and Run book has raised the possibility that the New Zealand SAS committed war crimes in the attack they led in Afghnistan upon the villages of Naik and Khak Khuday Dad...

Mapp’s attempted defence of the SAS on RNZ this morning unintentionally indicated that collective punishment was baked into the planning exercise for the raid, and also into how the raid proceeded on the ground. More>>

 

Biscuit Tin Of Democracy: World Heritage Site Protection, Ombudsman and Equal Pay Bills Drawn

On Thursday, 23 March 2017 three places are available on the Order Paper for the first reading of a Member’s bill. The ballot was held, and resulted in the following bills being drawn... More>>

ALSO:

Emissions Plan: NZ Needs More Science, More Trees, Fewer Beasts

A combination of technology breakthroughs, much more plantation forestry, and a big switch away from pastoral, particularly dairy farming, are identified as the key elements of any approach New Zealand takes to reducing its carbon emissions to a net zero level, according to a new report sponsored by the New Zealand chapter of GLOBE, a multi-party, global parliamentary grouping. More>>

ALSO:

"Backed To Win Seats": Labour Māori Seat MPs Won't Stand On List

The Labour Party is backing a request from its Māori seat MPs to stand as electorate MPs only, says Labour Leader Andrew Little. More>>

Productivity Commission: New Models Of Tertiary Education Are Coming

The report is a broad-ranging inquiry into how well New Zealand’s tertiary education system is set up to respond to emerging trends in technology and the internationalisation of education, and changes in the structure of the population, and the skills needed in the economy and society... More>>

ALSO:

PM's Press Conference: Water Everywhere

Monday's Post-Cabinet press conference focused on water, with the Prime Minister fielding questions about the possibility pricing water taken for export. Mr English said the government was directing their water allocation technical advisory group to include export water in considerations. More>>

ALSO:

Kim Workman: Reality Check Needed For Public Service Reoffending Target

Reducing the prison population results in a reduction in re-offending. Shortening sentences reduces reoffending... More>>

ALSO:

PSA: Minister Should Stop Dodging On Salisbury School

"The decision around the future of Salisbury School has been overdue for months, and the ambiguity is leaving parents, staff and students in limbo. It’s time the Minister stopped hiding, muddying the waters and being dishonest about her Ministry’s intentions," says Erin Polaczuk, PSA national secretary. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news