Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More
Parliament

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.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

“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

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines



Gordon Campbell: On Dune 2, And Images Of Islam


Depictions of Islam in Western popular culture have rarely been positive, even before 9/11. Five years on from the mosque shootings, this is one of the cultural headwinds that the Muslim community has to battle against. Whatever messages of tolerance and inclusion are offered in daylight, much of our culture tends to be hostile to Islam when we’re sitting in the dark, with popcorn.
Any number of movie examples come to mind, beginning with Rudolf Valentino’s role (over a century ago) as the romantic Arab hero in The Sheik...
More


 
 


Government: One-stop Shop Major Projects On The Fast Track

The Coalition Government’s new one-stop-shop fast track consenting regime for regional and national projects of significance will cut red tape and make it easier for New Zealand to build the infrastructure and major projects needed to get the country moving again... More

ALSO:


Government: GPS 2024: Over $20 Billion To Get Transport Back On Track
Transport Minister Simeon Brown has released the draft Government Policy Statement (GPS) on Land Transport, outlining the Coalition Government’s plan to build and maintain a transport system that enables people to get to where they need to go quickly and safely... More

ALSO:

Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.