web analytics

National don’t know and don’t want to know about foreign ownership of housing

Written By: - Date published: 1:09 pm, May 20th, 2014 - 43 comments
Categories: housing, john key, national - Tags:

Following up on yesterday’s post, there have been a couple of interesting bits in the media regarding National’s head-in-the-sand attitude to the housing crisis.

Criticism has come from their base in the form of a surprisingly critical interview that housing minister Nick Smith endured on the Paul Henry Show (about 14 min in, thanks ianmac).

The other is yesterday’s editorial in nzherald which was also critical of Nick Smith’s approach.

The common factor in both criticisms was that the government could find out the degree of foreign ownership of housing but they are simply choosing not to.

Given Orivida et al, it isn’t surprising that once again, National’s natural instinct is to protect the interests of foreign money.

Clearly not all of National’s base are pleased that their party is happy with foreign money buying up the country.

Yesterday I compared Key to Muldoon, which wasn’t really fair. At least Muldoon was trying to do the best for the citizens of New Zealand, misguided as his actions were. In contrast, Key appears only to have loyalty to big money.

43 comments on “National don’t know and don’t want to know about foreign ownership of housing”

  1. Steve Withers 1

    This reason (and others) is why tend to refer to National as the “Multi-National Party” or – more recently – the “Multi-National 1% Party (NZ Branch)”. If they can screw over a million Kiwis for the benefit of a foreign corporation….whatever it goes straight to the top of their list. Example: Max Bradford’s electricity reforms.

    • Colonial Viper 1.1

      Very insightful…local Tory wealth is trying to gain membership rights to the global elite 0.01% and have to pay their dues – which includes sacrificing the rest of us. (Bearing in mind that to even be considered by the global oligarchic class you need a wealth of US$100M or more; if his $50M wealth estimate is still accurate then John Key is still not that far beyond the category of “well paid lackey”).

      • Chooky 1.1.1

        @CV…but he is very ambitious…and he has a country to play with…or use as a backer

        • Chooky 1.1.1.1

          knowledge and power of a country attract investors and big monied ‘friends’….and investment opportunities….and special relationships …..cf Nationals shenanigans with Oravida

          insider knowledge = power = money making opportunites

    • Chooky 1.2

      +100 Steve Withers

  2. Clean_power 2

    C’mon Mr Withers, you are a wealthy Canadian, part of the 1% yourself.
    How can you say that? Or do you feel guilty for being well-off?

    • JanM 2.1

      Where on earth do you get the idea that the only people entitled to critically examine our government’s policies are the born-in-New Zealand poor?

    • Colonial Viper 2.2

      C’mon Mr Withers, you are a wealthy Canadian, part of the 1% yourself.
      How can you say that? Or do you feel guilty for being well-off?

      Maybe he understands that everyone is harmed by excessive economic inequality.

      Maybe he gets that when things go really bad, the historical example says that the 1% who allowed massive unfairness to build up in society, often ended up swinging from lamp posts and trees.

      Maybe he simply has compassion for his fellow human beings.

  3. fambo 3

    The statistics I heard a while back were that around six percent of house buyers are from China, and 60 percent of them live overseas (although the way it was presented in the media was “40 percent live in New Zealand” which softens it a bit). Also, that they were buying predominantly in certain parts of Auckland, Bay of Plenty and Nelson (may have been a few other places as well). Given that six percent is the overall total for all sales in New Zealand but they are actually concentrating purchases in certain areas, that must mean they make up probably 10 percent and more of the vendors in some localities which inevitably makes them a big player in the real estate market. I always think it is important to point out, that this would be disturbing whatever nationality was involved. It just so happens in this case that they are Chinese.

    • Tracey 3.1

      i understand trips are organised for groups of aussies to come over here for property investment scouting:-)

      • Chooky 3.1.1

        and the Aussies are not the only ones here in groups for property investment scouting.

        …the point is that when there is a crisis housing shortage for New Zealanders the John Key NACT government is Recklessly BETRAYING New Zealanders!

        …. especially young New Zealanders who want to buy their first property to live in …..and even worse those New Zealanders who are being priced out of affordable quality rental accommodation because of scarcity …..New Zealand houses are being bought by uncontrolled immigration and overseas investors

        …..it certainly is an election issue and Labour should be whipping it up for all they can….Winnie certainly will be !….and the Greens and Mana!

    • Chooky 3.2

      +100 fambo

  4. Ant 4

    This is a massive wedge issue Labour can make use of, National are massively vulnerable here.

  5. vto 5

    Nick Smith claimed that 11% of the market that is foreign buyers is a small and negligible share.

    This is complete and utter bullshit. 11% is the difference between a rising market and an easing market.

    • Tracey 5.1

      do you know if they make up 11% of total buyers or 11% of total purchase values?

      • vto 5.1.1

        number of buyers.

        and of course that 11% is an average so in certain areas the proportion will be significantly higher while areas like Whangamomona will be near nil.

    • framu 5.2

      some one needs to ask him what effect an 11% rush on buying a companies shares has on the share price

    • Draco T Bastard 5.3

      11% is the difference between a rising market and an easing crashing market.

      FTFY

      It what happens to asset bubbles and National knows it which is why they’re protecting it.

      • vto 5.3.1

        Yes, I know. Just didn’t want to sound too dramatic..

        And yes, National do know it and that rising house prices leads to most voters (especially in the middle) feeling better of and voting in the incumbent. Clark knew it as well and let similar thing happen.

        But I suspect there may be a difference this time around. Namely, that the ‘housing crisis’ really is a crisis and that most people, including middle house owners, know that it is a bad situation. House prices of the level they are today do not even help people already on the property ladder.

        It may well backfire this rime around …..

  6. vto 6

    .
    Foreign ownership of housing (and other land) brings absolutely no benefit to New Zealand.

    People are slowly cottoning onto this.

    • minarch 6.1

      i dont think that was the motive ……

    • Draco T Bastard 6.2

      IMO, People have always known this. It’s never been the peoples will that NZ get sold off. It has only been the will of the rich.

  7. Enough is Enough 7

    Ban foreigners. It is an easy policy.

    You don’t have a New Zealand passport you cannot purchase property.

  8. Stuart Munro 8

    One of the fastest ways to generate robust objective figures on foreign purchasing is a moratorium. Halt sales for a year and see what happens to sales. This will rapidly reveal the extent of the problem – if it is actually trivial it can be reversed with no long term ill effects. But if the problem is significant it has the virtue of doing something serious about it.

  9. ScottGN 9

    The Nats latest panicked lurch on housing is Nick Smith blaming Auckland City Council for the affordability crisis because they’ve stifled supply.

    • vto 9.1

      Yes, and that is also complete and utter bullshit.

      Base cost of land for subdivision and housing development in Christchurch sits around $25 – 40,000. How much lower can that go? Just give the land away? Auckland little different.

      Nick Smith is a complete and utter bullshitter – check his eyes. Anyone who has each eye a different size opening and looking differently is someone to be wary of. Always been this way.

      Nick Smith is a liar.

      • Roy 9.1.1

        Looking at his different-sized eyes and his complexion, I suspect that Nick Smith has had a small stroke and is a heavy drinker.

    • Tracey 9.2

      it is act and national who turned auckland into a single consenting team from 8 different teams. and shrunk the team accordingly.

      on the other hand some of the people who know the least about the building act are in aucklands consenting team. its a bullying and dysfunction group, lording it over homeowners with threats of 200k fines and a ” because i said so” attitude to natural justice.

  10. Tracey 10

    so paul henry and the herald editor attack smith… but not the conductor of the orchestra.

  11. DH 11

    I think National are deliberately underplaying foreign investment because they’re afraid to admit how much trouble we’re in economically. On the path they’re taking us we need foreign investment, the current account deficit is funded by it.

    In our trading with the world the picture is this;

    Exports of goods & services $62.7 billion
    Imports of goods & services $61.9 billion

    Dividends from overseas investments $6.3 billion
    Dividends paid to foreign investors $15.5 billion

    Current account deficit $8.7 billion

    (that’s full year to September 2013)

    In forex terms we’re selling NZ$8.7 billion more than we’re buying back, if we didn’t take in foreign investment our currency would crash (to invest here foreigners have to buy $NZD). The current account deficit is expected to increase to some $15 billion and we need to fund that with even more foreign investment.

    Problem is we’re running out of things to sell. Ain’t many decent businesses or crown assets left now is there, govt can’t borrow much more either, so we’re down to flogging off property…. residential & commercial.

    • Skinny 11.1

      It’s the biggest mordern day swindle of our time John Key the money trading shyster along with his sidekick Joyce & English have done a con job on far too many gullible Kiwi’s.

      It won’t be till the books are opened after the election that Kiwi’s will findout the true extent of the deceit. Key will be off to a bolt hole in his homeland of America, Joyce will disappear off the map and English will be in retreat in the highlands of Otago.

      All the current Government MP’s should be detained at the airport after the election. They should face treason charges once the books are opened, the whole damn lot of them.

    • dave 11.2

      1984 people its happening again I really hope not we don’t have incomes or saving to weather a major economic hit 1984 was Govt. debt this time its the whole of society private and public drowning in debt

  12. Chooky 12

    that is pretty sobering!…my first instinct was to say “Where is Winnie?….seriously

    …which political party has the best solution to take back our economic sovereignty , assets, democracy and independence as a country?

    ….which political party is exposing John Key’s NACT gross economic incompetence?

    ….should we be taking back the banks?

    …what about a FTT( Financial Transaction Tax) ?

    …what is the best way out of this hole?

    • BM 12.1

      Winston Peters, LOL.

      The silly old prick has lost his marbles.

      Glue works beckon.

      [lprent: You know how I feel about threats of violence… 😈 ]

      • Chooky 12.1.1

        BM !!!…tragically for you….Winnie will swing the Nacts this election…and you know it!

        Winston will bring about the DEFEAT of John Key and the National Government in a few months

        …and Winston Peters will again become the brilliant Minister of Foreign Affairs in a Labour led Government

        EAT YOUR HEART OUT! … BM you silly old fool! (…couldnt resist saying that)

  13. Ad 13

    Both Labour and Greens will easily get boxed with racism if they pursue this. Do they really want to gift the Chinese 15% of the NZ electorate to National? Greens could afford to, but not Labour. And that’s a shit load of donor cash to say goodbye to.

    Only Winston Peters has the record (and the stones) to do the full UKIP/Enoch Powell opera dogwhistle on this one. Maybe there’s a 1% poll shift in it. I think not much more. Our demographics have changed too much – even since 2008.

    • Colonial Viper 13.1

      Ahem.

      Any ethnically Chinese voter who has actually resided in NZ for more than 10 years will most probably have no problem whatsoever with housing foreign ownership restrictions. I don’t, for instance. Potential exceptions would include Mandarin speaking real estate agents working in NZ. It would piss them off big time. But that’s vested interest for you.

      And the ones who have been here for significantly less than 10 years – they understand the rationale as it’s exactly how things are done in heavily Chinese countries like Singapore and China. Neither the Singaporean nor the Chinese governments have any problem with instant snap freezing of property asset bubbles with overnight announcements of increased stamp duties, mortgage limits, development regulations and ownership restrictions.

      In comparison, NZ politicians are totally gutless, overseeing the dismemberment of the productive sectors of the economy over a decade of property price speculation.

      • Chooky 13.1.1

        well said …and it is something Winston Peters understands….as Minister of Foreign Affairs he had a very good rapport with Asian leaders

  14. Fats 15

    “Yesterday I compared Key to Muldoon, which wasn’t really fair. At least Muldoon was trying to do the best for the citizens of New Zealand, misguided as his actions were.”

    Actually, if you want to compare anyone to Muldoon, it would probably best be the Greens. They share his interventionist and centrally-planned ideology, although Labour is moving that way too. It’s ironic that in many ways Muldoon was far more socialist than anyone in National now. He thought Think Big projects and the National Development Act would fix everything – he was wrong. But the Greens and Labour are now his torchbearers.

    This housing bubble is serious but you can’t blame it on Key, although it IS tempting. Helen Clark bears a lot of the blame. When she tweaked personal taxes she left a shedload of loopholes so that property investment was an easy way for the well-off to ensure that their tax bill didn’t go up. And sometimes fell. I’m sure the fact that she’s reportedly got an investment portfolio of six properties wasn’t a factor in her thinking.

    There are a number of measures that the Reserve Bank could take to let the steam out of this property market, but middle NZ (those who have mortgages) would scream, banks would suddenly start worrying about loan quality etc. It’s not an easy problem to fix, no matter what demagogues like John Minto etc would have you believe.

Recent Comments

Recent Posts

  • Plumber shortfall highlights gaps in trades training
    A shortage of skilled plumbers highlights major gaps in the Government’s trades training which is having serious implications for our construction industry, Labour’s Skills and Training spokesperson Jenny Salesa says. “Information obtained under the Official Information Act shows an undersupply… ...
    5 hours ago
  • Plumber shortfall highlights gaps in trades training
    A shortage of skilled plumbers highlights major gaps in the Government’s trades training which is having serious implications for our construction industry, Labour’s Skills and Training spokesperson Jenny Salesa says. “Information obtained under the Official Information Act shows an undersupply… ...
    5 hours ago
  • Rates rebate on the cards for retirement village residents
    People living retirement villages could be entitled to a rates rebate after a Labour Member’s Bill was today pulled from the ballot, Labour’s Senior Citizens spokesperson Ruth Dyson says. “Most residents in retirement villages cannot currently claim a rebate because… ...
    8 hours ago
  • Rates rebate on the cards for retirement village residents
    People living retirement villages could be entitled to a rates rebate after a Labour Member’s Bill was today pulled from the ballot, Labour’s Senior Citizens spokesperson Ruth Dyson says. “Most residents in retirement villages cannot currently claim a rebate because… ...
    8 hours ago
  • Government’s weak trusts inquiry lambasted
    The weak and absurd scope of the Government’s inquiry into foreign trusts has been lambasted by Transparency International, Opposition Leader Andrew Little says. “In a scathing statement released today, the anti-corruption watchdog warns that the John Sherwan-led inquiry into foreign… ...
    9 hours ago
  • Government’s weak trusts inquiry lambasted
    The weak and absurd scope of the Government’s inquiry into foreign trusts has been lambasted by Transparency International, Opposition Leader Andrew Little says. “In a scathing statement released today, the anti-corruption watchdog warns that the John Sherwan-led inquiry into foreign… ...
    9 hours ago
  • Healthy Homes Bill passes first reading
    Some of New Zealand’s most vulnerable children and families are on their way towards safer living conditions with the passing of the first reading of the Healthy Homes Guarantee Bill in Parliament last night, Leader of the Opposition Andrew Little… ...
    12 hours ago
  • Healthy Homes Bill passes first reading
    Some of New Zealand’s most vulnerable children and families are on their way towards safer living conditions with the passing of the first reading of the Healthy Homes Guarantee Bill in Parliament last night, Leader of the Opposition Andrew Little… ...
    12 hours ago
  • Wellington Town Belt Bill becomes law
    The Wellington Town Belt will grow by 120 hectares after the passing today of the Wellington Town Belt Bill, Labour MP for Wellington Central Grant Robertson says. “The Town Belt is loved by Wellingtonians as a green and open space… ...
    1 day ago
  • Wellington Town Belt Bill becomes law
    The Wellington Town Belt will grow by 120 hectares after the passing today of the Wellington Town Belt Bill, Labour MP for Wellington Central Grant Robertson says. “The Town Belt is loved by Wellingtonians as a green and open space… ...
    1 day ago
  • 26 weeks paid parental leave the best Mother’s Day present
    If National truly values motherhood, they would drop their threat to scupper 26 weeks paid parental leave, says Labour MP Sue Moroney. “As New Zealand prepares to celebrate Mother’s Day on Sunday, John Key should remove his threat to… ...
    1 day ago
  • 26 weeks paid parental leave the best Mother’s Day present
    If National truly values motherhood, they would drop their threat to scupper 26 weeks paid parental leave, says Labour MP Sue Moroney. “As New Zealand prepares to celebrate Mother’s Day on Sunday, John Key should remove his threat to… ...
    1 day ago
  • Peering through the Huntly coal smokescreen
    Energy Minister Simon Bridges revealed in Parliament this week he has no idea what majority state-owned power companies are up to, when he wrongly claimed that Genesis Energy would not burn coal at Huntly unless there was a shortage of… ...
    GreensBy Gareth Hughes
    1 day ago
  • Peering through the Huntly coal smokescreen
    Energy Minister Simon Bridges revealed in Parliament this week he has no idea what majority state-owned power companies are up to, when he wrongly claimed that Genesis Energy would not burn coal at Huntly unless there was a shortage of… ...
    GreensBy Gareth Hughes
    1 day ago
  • Burger King dumps caged eggs!
    I’m not a fan of fast food companies, but a few days ago I was thrilled to see fast food multinational Burger King announcing that they are going to dump caged eggs in New Zealand. They join other food companies,… ...
    GreensBy Mojo Mathers
    1 day ago
  • Burger King dumps caged eggs!
    I’m not a fan of fast food companies, but a few days ago I was thrilled to see fast food multinational Burger King announcing that they are going to dump caged eggs in New Zealand. They join other food companies,… ...
    GreensBy Mojo Mathers
    1 day ago
  • Smoke and Mirrors on Pharmac funding
    Today’s announcement by John Key and Jonathan Coleman on Pharmac funding is a classic piece of financial jiggery-pokery, says Labour’s Health spokesperson Annette King.  “While I welcome any boost to the Pharmac budget this does not go far enough. ...
    1 day ago
  • Firearms Inquiry calling for submissions.
    Parliament’s Law and Order select committee (of which I am a member) has today called for public submissions to its firearms inquiry. This conversation should have been live since last year, when the Police Association started talking about their concerns… ...
    GreensBy David Clendon
    1 day ago
  • Firearms Inquiry calling for submissions.
    Parliament’s Law and Order select committee (of which I am a member) has today called for public submissions to its firearms inquiry. This conversation should have been live since last year, when the Police Association started talking about their concerns… ...
    GreensBy David Clendon
    1 day ago
  • National playing politics with children’s lives
    John Key’s Government is playing political games with the lives of children by refusing to support a bill which will ensure every home in the country is warm and dry, Leader of the Opposition Andrew Little says. “National says that… ...
    1 day ago
  • Unemployment rise demands Budget response
    The rise in unemployment shows the Budget must contain concrete plans for job growth that deliver for all New Zealanders, not just the few at the top, says Labour’s Finance spokesperson Grant Robertson. “After eight years under National it is… ...
    1 day ago
  • School funding falls by $150 per student
    Parents are having to fork out even more for their kids’ education after the Government cut school funding per student by $150 in the past year, Labour’s Education spokesperson Chris Hipkins says. “According to the Education Ministry, its total per… ...
    1 day ago
  • School funding falls by $150 per student
    Parents are having to fork out even more for their kids’ education after the Government cut school funding per student by $150 in the past year, Labour’s Education spokesperson Chris Hipkins says. “According to the Education Ministry, its total per… ...
    1 day ago
  • Government must clamp down on dodgy PTEs
    The Government must ensure all international students coming to New Zealand are legitimate after a survey of those approved in Mumbai found only 9 per cent had genuine intentions and met English language requirements, Labour’s Education spokesperson Chris Hipkins says.… ...
    2 days ago
  • Government must clamp down on dodgy PTEs
    The Government must ensure all international students coming to New Zealand are legitimate after a survey of those approved in Mumbai found only 9 per cent had genuine intentions and met English language requirements, Labour’s Education spokesperson Chris Hipkins says.… ...
    2 days ago
  • Chance to crack down on foreign speculators
    If John Key is serious about stopping foreign speculators driving house prices out of the reach of Kiwi families, he will support Labour’s Member’s Bill to ban offshore investors from buying existing homes, Labour’s Housing spokesperson Phil Twyford says. “My… ...
    2 days ago
  • IRD had foreign trusts review on action plan
    The IRD was so ready to review foreign trusts it had the review on its action plan in November 2014, just before the Revenue Minister met with John Key’s lawyer, says the Leader of the Opposition Andrew Little. “The IRD… ...
    2 days ago
  • IRD had foreign trusts review on action plan
    The IRD was so ready to review foreign trusts it had the review on its action plan in November 2014, just before the Revenue Minister met with John Key’s lawyer, says the Leader of the Opposition Andrew Little. “The IRD… ...
    2 days ago
  • Child Youth and Family Review and Māori
    I wrote this blogpost sitting in Parliament listening to the Attorney General’s first reading speech on the Tauranga Moana Iwi Collective Redress and Ngā Hapū o Ngāti Ranganui Claims Settlement Bill. He has acknowledged the impact of colonisation that made… ...
    GreensBy Jan Logie
    2 days ago
  • Rebuilding Christchurch – a lost opportunity?
    In rebuilding Christchurch, the city has a rare chance to build in a sustainable, creative and people-centred way. We can create a city that is so much more than a simple re-construction of buildings and transport links. Christchurch could be… ...
    GreensBy Eugenie Sage
    3 days ago
  • Rebuilding Christchurch – a lost opportunity?
    In rebuilding Christchurch, the city has a rare chance to build in a sustainable, creative and people-centred way. We can create a city that is so much more than a simple re-construction of buildings and transport links. Christchurch could be… ...
    GreensBy Eugenie Sage
    3 days ago
  • Minister must ensure 111 issue is fixed
    The Police Minister must ensure the 111 fault is fixed as an urgent priority as a 40 minute wait can be the difference between life and death, says Labour’s Police spokesperson Stuart Nash. “The Police have said the fault lies… ...
    3 days ago
  • New Zealand a world leader – in unaffordable housing
    The National Government has made New Zealand a world leader – in unaffordable housing, Labour’s Housing spokesperson Phil Twyford says. “The latest International Monetary Fund report shows New Zealand had the world’s second fastest growth in house prices at the… ...
    3 days ago
  • New Zealand a world leader – in unaffordable housing
    The National Government has made New Zealand a world leader – in unaffordable housing, Labour’s Housing spokesperson Phil Twyford says. “The latest International Monetary Fund report shows New Zealand had the world’s second fastest growth in house prices at the… ...
    3 days ago
  • Hospital meals making you sick
    I don’t know about you but I felt a bit sick watching Health Minister Jonathon Coleman eat supposed Dunedin hospital food last week.  Dunedin people have tolerated a crumbling hospital, lower access to services, longer waiting times and gross food… ...
    GreensBy Metiria Turei
    3 days ago
  • Hospital meals making you sick
    I don’t know about you but I felt a bit sick watching Health Minister Jonathon Coleman eat supposed Dunedin hospital food last week.  Dunedin people have tolerated a crumbling hospital, lower access to services, longer waiting times and gross food… ...
    GreensBy Metiria Turei
    3 days ago
  • Key needs to stop shifting and come clean
    John Key’s position on his lawyer’s offshore trusts lobbying has changed yet again with the Prime Minister admitting he told Todd McClay that Ken Whitney had approached him, says Labour’s Finance spokesperson Grant Robertson. “Yet again information has to be… ...
    3 days ago
  • Key needs to stop shifting and come clean
    John Key’s position on his lawyer’s offshore trusts lobbying has changed yet again with the Prime Minister admitting he told Todd McClay that Ken Whitney had approached him, says Labour’s Finance spokesperson Grant Robertson. “Yet again information has to be… ...
    3 days ago
  • Revolutionary art in Palmerston North
    Last night I was a judge at the May Day Cup, an annual theatrical event which celebrates International Workers Day. The event was organised by stalwart unionist Dion Martin and included a range of performers competing for the Cup. This year… ...
    GreensBy Catherine Delahunty
    4 days ago
  • Revolutionary art in Palmerston North
    Last night I was a judge at the May Day Cup, an annual theatrical event which celebrates International Workers Day. The event was organised by stalwart unionist Dion Martin and included a range of performers competing for the Cup. This year… ...
    GreensBy Catherine Delahunty
    4 days ago
  • Andrew Little visits Zaatari refugee camp
    Leader of the Opposition, Andrew Little, has visited the largest Syrian refugee camp in the world, Zaatari in Jordan, a day after seeing New Zealand troops at Camp Taji in Iraq. Mr Little spent several hours in the camp, meeting… ...
    5 days ago
  • Com Com’s Z Energy decision anti-competitive
    The Commerce Commission’s decision to allow Z Energy to buy Caltex can only undermine the competition in the fuel industry that is needed to ensure New Zealanders pay the lowest price for petrol, Labour’s Consumer Affairs spokesperson David Shearer says.… ...
    6 days ago
  • Com Com’s Z Energy decision anti-competitive
    The Commerce Commission’s decision to allow Z Energy to buy Caltex can only undermine the competition in the fuel industry that is needed to ensure New Zealanders pay the lowest price for petrol, Labour’s Consumer Affairs spokesperson David Shearer says.… ...
    6 days ago
  • OAG raps Govt over the knuckles on HNZ contracts
    The Government has been rapped over the knuckles by the Auditor General over its failure to properly manage $2.3m of contracts and conflicts of interest in relation to a merchant banker advising them on the state house sell-off, says Labour’s… ...
    6 days ago
  • OAG raps Govt over the knuckles on HNZ contracts
    The Government has been rapped over the knuckles by the Auditor General over its failure to properly manage $2.3m of contracts and conflicts of interest in relation to a merchant banker advising them on the state house sell-off, says Labour’s… ...
    6 days ago
  • Brownlee must step in as EQC spin exposed
    Gerry Brownlee needs to step in after EQC’s desperate spin in the wake of yesterday’s landmark settlement has been exposed by its own documents, says Labour’s Canterbury spokesperson Megan Woods. “Yesterday’s settlement showed that thousands of homes may not have… ...
    6 days ago
  • Brownlee must step in as EQC spin exposed
    Gerry Brownlee needs to step in after EQC’s desperate spin in the wake of yesterday’s landmark settlement has been exposed by its own documents, says Labour’s Canterbury spokesperson Megan Woods. “Yesterday’s settlement showed that thousands of homes may not have… ...
    6 days ago
  • OIO must explain Argentine pollution prosecutions
    The Overseas Investment Office (OIO)has questions to answer about how it safeguarded our sensitive land by allowing foreign investors with criminal prosecutions to purchase Onetai Station in Taranaki, says Labour’s Land Information spokesperson David Cunliffe.   “Rafael and Federico Grozovsky… ...
    6 days ago
  • Aussie banks in NZ should ban lending to offshore buyers
    ASB, Westpac and ANZ must confirm whether or not they will continue to fund the over-heated property market by lending to non-resident offshore home buyers, Labour’s Housing spokesperson Phil Twyford says. “This issue has arisen because their parent banks have… ...
    6 days ago
  • Aussie banks in NZ should ban lending to offshore buyers
    ASB, Westpac and ANZ must confirm whether or not they will continue to fund the over-heated property market by lending to non-resident offshore home buyers, Labour’s Housing spokesperson Phil Twyford says. “This issue has arisen because their parent banks have… ...
    6 days ago

Public service advertisements by The Standard

Current CO2 level in the atmosphere