Parliament

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 The Budget

It may seem like Oliver to be so bold as to ask the Finance Minister for more gruel – but what the Dickens, Steven Joyce… is this Budget really as good as it gets?

Supposedly, the public was going to receive significant rewards – an election year lolly scramble no less – for the eight years of belt tightening that they’ve endured, and for the rundown of essential public services.

Well, what Budget 2017 delivered instead in Education and in Health were allocations barely sufficient to maintain the current levels of service delivery More>>

Scoop Full Coverage: of Budget Announcements & Reaction
Latest: Scoop Search

 
 

Carer Settlement: Threat Of Staff Exodus In Mental Health

As a result of the recent pay rise awarded to their aged care and disability sector colleagues, many staff in non-government mental health and addiction organisations are considering leaving to join these workforces. More>>

ALSO:

Climate Policy: New Zealand Set To Blow Its Carbon Budget By 27%

The Government’s Greenhouse Gas Inventory shows New Zealand is set to release 647.5 million tonnes of carbon emissions between 2013 and 2020 – 137 million tonnes more than we are allowed under the Kyoto Protocol. More>>

ALSO:

Earlier:

Christchurch Considers Cathedral, Stadium: Cathedral Working Group Report Released

“About half of Christchurch wants to see the cathedral reinstated, the other half wants something new and more modern, but really, everyone just needs a decision." More>>

ALSO:

Auditor-General Stands Down For Investigation: Gordon Campbell On (Not) Taking Responsibility

So Martin Matthews, our current Auditor-General wishes he could have detected “earlier” the fraud that occurred on his watch at the Ministry of Transport. Hmmm. But he could have detected it earlier, surely? That’s the point. More>>

ALSO:

NGOs Pleased: Govt To Halt Collection Of Client Data

Brenda Pilott, the chair of ComVoices and national manager of Social Service Providers Aotearoa, congratulates the government on its decision to call a halt to the collection of individual client data until the concerns of not-for-profit service providers have been worked through. More>>

ALSO:

Gosh: Blasphemy Law Repeal Struck Down

Chris Hipkins, the MP who tabled a Supplementary Order Paper to add our Blasphemy Law to the Statutes Repeal Bill, said this was a "sad day for freedom of speech, tolerance, and leadership". More>>

ALSO:

 
 
 
 

Opening The Election Supporters

 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election