Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Kiwis Lose Out as More Land Goes to Foreigners

KIWIS LOSE OUT AS MORE LAND GOES TO FOREIGNERS

It’s not just Auckland houses being snapped up by foreign money - sales of large tracts of New Zealand land to foreigners continue unabated, says New Zealand First.

“Two stations, a hop farm and additional land for forestry are among the latest approvals by the Overseas Investment Office,” says New Zealand First Leader and MP for Northland Rt Hon Winston Peters.

“We even have an applicant being approved to move to New Zealand from China to build a childcare centre in Silverdale, Auckland. According to the OIO, she has extensive experience in the childcare/education industry.

“Stockerau Station, 1,191 hectares near Whakatane, has been bought by Chinese interests for $8.5m. They will apparently ‘increase productivity and profits’, and a 124-hectare hop farm in Upper Moutere, Nelson, has been sold to an American who promises to increase exports to the US.

“It’s doubtful if any of these sales will bring huge benefits to this country and we will never know. The understaffed OIO has no ability to monitor the conditions of all approvals.

“Too often we see the approvals with ‘gifts’ attached. This time it is Guide Hill Station at Tekapo. The 3,550 hectare station has been sold for $16.5m to a Hong Kong-based company which promises a research facility for Lincoln University and other donations. We hope the OIO will ensure these come to fruition.”

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Our Local Responses To The Global Problems Of Inflation


In the United Kingdom, inflation is running at its highest rate in 30 years. In the US, inflation hit 7% during 2021. You wouldn’t want to be in Estonia, where inflation has just hit 12%. Across the Eurozone – the measurement methods vary – inflation is averaging out at 5%. In Canada, inflation is running at its highest level in 30 years. Inflation is not simply a problem afflicting developed countries. In a developing country like Brazil inflation is running at its highest level in seven years...
More>>



 
 

Government: Building And Shaping A City: Future-proofing Auckland Transport Infrastructure
The Government is bringing Auckland’s transport infrastructure into the future by moving forward with an additional Waitematā Harbour crossing, progressing light rail from Auckland’s CBD to the airport, and creating a linked-up rapid transport network as part of a 30-year plan... More>>

The Treasury: Financial Statements Of The Government Of NZ For The 5 Months Ended 30 November 2021
Interim Financial Statements of the Government of New Zealand for the 5 months ended 30 November 2021... More>>

ALSO:


Government: Announces Three Phase Public Health Response To Omicron
The Government has announced a three phase Omicron plan that aims to slow down and limit the spread of an outbreak, Associate Minister of Health, Dr Ayesha Verrall announced today. “Through the course of managing Omicron, we will be taking a phased approach. As case numbers grow both testing and isolation approaches will change in response... More>>



Ministry Of Transport: Have Your Say On The Future Of Road User Charges
Te Manatū Waka Ministry of Transport is inviting New Zealanders to submit their views on improving the Road User Charges system, says Secretary for Transport, Peter Mersi... More>>


TradeMe: New Zealand Rents Climb $40 Per Week In One Year

New Zealand’s national median rent climbed $40 a week in 2021 to reach $560 in December, according to Trade Me’s latest Rental Price Index. Trade Me Property Sales Director Gavin Lloyd said last month’s national median weekly rent showed an 8 per cent annual increase... More>>


Transparency International: New Zealand Retains Top Ranking In Annual Corruption Perceptions Index
New Zealand is once again ranked least corrupt in the world by Transparency International’s annual Corruption Perceptions Index. This year New Zealand’s score of 88 out of 100 is unchanged resulting in it being first equal with Denmark and Finland... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels