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

 


Limp Housing Policy Feeds Foreign-Owned Business

Rt Hon Winston Peters

New Zealand First Leader
27 AUGUST 2014

Limp Housing Policy Feeds Foreign-Owned Business

National’s limp housing policy simply means more money for foreign owners, says New Zealand First.

“Foreign-owned building and land development companies will profit from National throwing money at home buyers,” New Zealand First leader Rt Hon Winston Peters told an audience in Katikati today.

“Take, for example, Universal Homes – it’s a long established Auckland company that builds houses and develops land but is 100% owned by Chinese interests, despite having a shelf company in New Zealand linked to a similar company in Hong Kong. In reality, 100 per cent owned by the Chinese government.

“So, will China be one of the serious beneficiaries of National’s limp plans to deal with the housing crisis?

“Foreign companies have been major buyers of land around Auckland and land banking it for future subdivisions. Aucklanders know it and many are concerned.

“Government policies to assist foreign companies to feed off a housing crisis in New Zealand are no solution.

“New Zealand First’s policy to stop land, housing and business sales to foreigners will give Kiwi companies the chance to develop land and houses, it will reduce demand and stop New Zealand money flooding offshore.

“New Zealand is committed to putting the brakes on the sell off.

“We will also pass a law for a register of all foreign land and house ownership.

“We’re going to know, finally, who owns what and where. And we’ll catch land and houses using the trust ownership veil as well.

“The rubber-stamp that is the Overseas Investment Office is going in the bin.

“Foreign buy-ups will only be approved if of significant benefit, and that will be carefully monitored. Where are all the benefits to show from foreign ownership now?”

ENDS


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

New Research: Most Homeless People Working Or Studying

“The cost of housing has been rising without corresponding increases in income, whilst the number of state houses per capita has been in decline. Many low-income people are missing out on housing, whether we recognise them as ‘homeless’ or not. More>>

ALSO:

Post-Traynor: New Offender Info Sharing Plan

“This Bill delivers on that step-change by moving away from name-based records held by individual agencies to a shared, anchor identity based on unalterable information, such as fingerprints and facial recognition. It also gives agencies access to the drivers’ licence photo database and birth, death and marriages information." More>>

  • NZ Law Foundation - New $2M fund for research on information challenges
  • Littoral: New Ship To Deliver Enhanced Naval Capability

    Defence Minister Gerry Brownlee says the Government has approved a Ministry of Defence and New Zealand Defence Force recommendation to request tenders for a new naval ship to support littoral operations. More>>

    July:

    After King's Labour Snub: Māori Party And Kiingitanga To Work Together

    Māori Party Co-leaders Te Ururoa Flavell and Marama Fox met with Kiingitanga representatives in Wellington yesterday to discuss working together on key issues for the betterment of Māori. More>>

    ALSO:

    Waitangi Claim On Rehabilitation: The 'Justus' System For Māori Not Good Enough

    Closing statements at the Waitangi Tribunal case against Corrections called for immediate steps and a comprehensive review to address the high rate of Māori reoffending. More>>

    ALSO:

    Advice: PM Sets Rules For Ministers' Treatment Of Public Servants

    Prime Minister John Key has laid down the law about the way ministers and public servants should interact, saying ministers may not always like the advice they receive, but they must listen to it carefully, respectfully and professionally. More>>

    Gordon Campbell: On The Funding Changes In Special Needs Education, And Uber

    The plan to strip out the educational support for older “special needs” children in order to meet the existing shortfall in funding for special needs in early childhood education is so miserly and relentlessly stupid as to defy belief… More>>

    SPECIAL EDUCATION (& More):

    Online Learning Plans:

    Post Cab Presser: Inquiries And Consciences

    This afternoon the Prime Minister John Key announced that his cabinet had drafted terms of reference for the Havelock North water contamination inquiry... In response to questions on the Shop Trading Hours Amendment Bill, the Prime Minister said he didn't think allowing National MPs a conscience vote was warranted. More>>

    ALSO:

    Get More From Scoop

     

    LATEST HEADLINES

     
     
     
     
     
     
     
     
     
    Parliament
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news