Another Huge Slice of NZ Land Falls into Foreign Hands under National

New Zealand First has been proved right yet again – there’s no stopping the foreign buy-up of our land, says New Zealand First Leader Rt Hon Winston Peters.

“The purchase of large Taupo property Lochinver Station by Chinese company Pengxin puts the spotlight again on National’s agenda of ‘going, going, gone’.

“They just don’t care – they’re letting anyone and everyone buy our houses, land and businesses.

“New Zealand First warned just a week ago that under National almost a million hectares had passed through the Overseas Investment Office in less than six years.

“They hide the sales for as long as they can - that’s why there is no register of foreign ownerships of New Zealand land. New Zealand First has legislation ready to go but the government is not supporting it.

“They are hiding the details from the New Zealand public. If the true facts were revealed Kiwis would be outraged at the extent they have been dispossessed in their own country.

“There are no barriers. We have been warning foreigners will continue to gobble up our best and most productive land.

“Serious questions need to be asked about where National’s loyalties lie. The wholesale buy-up of New Zealand houses, land and businesses by foreign interests is not in the long term interest of New Zealand.

“New Zealand First will put a stop to sales of land and houses to non-residents.”

ENDS

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