New Zealand First says news that foreign nationals are buying real estate to fast-track their visa applications makes it imperative for measures to be introduced to stop the practice and make housing more affordable for New Zealanders.
|Mr Jan Trotman, bigot of St Marys Bay.|
Emerging evidence also shows that the Auckland property boom, which is forcing Kiwis out of the market, is being fed by Hong Kong and Chinese investors, and Australian retirement funds buying investment properties.What evidence? Produce it
Rt Hon Winston Peters says new policy is being developed to place restrictions on non-residents/non-citizens entering the New Zealand domestic housing market to fast track their visa applications.They could afford them if
“A lack of Government action has created a situation whereby rich people from big foreign economies are pumping up New Zealand property prices, making them too expensive from many Kiwis to afford.
“This must be stopped so first home buyers can enter a housing market which represents the domestic economy, not that of countries such as China, Hong Kong, and Australia.”Ha ha ha. The housing market in China is more overheated than ours; as is Hong Kong. And Australia is pretty much as unaffordable as here.
We would be wealthier, and could afford housing, if deceased mother's estates weren't being pilfered by family members who hang around at the TAB looking for the next Pick 6.
Mr Peters says the Government doesn’t even hold a register of domestic property owned by non-residents/non-citizens.I'm sorry, what was the problem again?
“That extent of the problem can’t be exactly quantified but it is likely to be huge.
“It isn’t helped by the Government’s failure to have a published long-term immigration strategy.Aaahhh. Back to "immigration flows". It only took a few paragraphs to get there.
“This failure is acknowledged in correspondence from Immigration Minister Nathan Guy who also admits that immigration flows are likely to ‘bring challenges of social cohesion’.
“A prime example of a lack of social cohesion is Auckland’s property market which is being inflated by foreign nationals as part of their visa application process,” says Mr Peters.It's bloody painful reading that. If the influx of migrants is creating housing demand, then there is one very simple solution: councils should release more land; and developers should be encouraged to build and build and build. You can't stop people coming to Auckland internally, or to an extent, externally. But you can, as a politician, work hard towards plentiful land supply.
But Winston is too lazy to go there; and there's limited votes in it really. It's more lucrative for him and his party to be bigots.