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

 

Auckland Relocation Grants: 12 Grants Paid So Far

Since the policy took effect one month ago, 12 applicants have received the non-recoverable grant, supporting 32 people. $54,508 has been paid out, covering things like moving costs, bond, rent in advance and letting fees. More>>

ALSO:

Vaccine Funding Change: HPV Vaccines For All Children

PHARMAC has today announced changes to funded vaccines, which will benefit an extra 100,000 people... The human papillomavirus (HPV) vaccine will be available for all children and adults up to the age of 26 years, and boys will now be included in the HPV school vaccination programme. More>>

ALSO:

Gordon Campbell: On Why The Opinion Polls For Key And Trump Defy Gravity

What is going on? Donald Trump got confirmed as the Republican presidential candidate at a bizarrely chaotic political convention… and promptly received an upwards bump in the polls to where he’s now rating ahead of Hillary Clinton, for only the second time this year. More>>

Sugar: Auckland Leisure Centres Axe Unhealthy Drinks

Auckland Council is to stop selling drinks that are sweetened by sugar from vending machines at its leisure centres in a bid to try to reduce obesity and type 2 diabetes... More>>

ALSO:

Gordon Campbell: On Todd McClay’s Faulty Memory

Time and again, whenever an issue arises the initial response by government is to deny or diminish the problem – nothing to worry about here, everything’s OK, move on. Then, hang on. In line with the usual pattern, as embarrassing details emerged into daylight, the story changed. More>>

ALSO:

Labour's 'Future Of Work': Major Reform Of Careers And Apprenticeships

The next Labour Government will transform careers advice in high schools to ensure every student has a personalised career plan, Leader of the Opposition Andrew Little says. More>>

ALSO:

State Investments Management: Treasury Likes IRD, Not Education Or Corrections

The Inland Revenue Department has scored an 'A' in the first tranche of the Treasury's investor confidence rating for state agencies that manage significant Crown investments and assets, gaining greater autonomy as a result, while the Corrections and Education ministries gained a 'C' rating. More>>

ALSO:

Govt Goal: NZ To Be "Predator Free" By 2050

Prime Minister John Key has today announced the Government has adopted the goal of New Zealand becoming Predator Free by 2050... “That’s why we have adopted this goal. Our ambition is that by 2050 every single part of New Zealand will be completely free of rats, stoats and possums." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news