OIC Review Meaningless Says Peters

New Zealand First has described the Government’s announcement on reviewing land sales to overseas interests as “superficial and meaningless”.

Leader Rt Hon Winston Peters said that over the past four years overseas buyers had developed a huge land speculation industry, gobbling up large chunks of New Zealand’s high country, foreshore, and lakeside areas.

“Unless these buyers are prepared to live here, create industries, create export wealth and jobs for New Zealanders, why should they be allowed to speculate in our prime land?

“The land speculation means that prices have soared and fewer and fewer New Zealanders will ever be in a position to own or even enjoy their rightful heritage.

“Under this government, land is just another commodity to be traded in. It has to stop and this latest move won’t do this,” said Mr Peters.

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