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I'm a New Zealander that was deeply concerned by the new government winning the election but this policy gives me hope.
by xupybd 9y ago
I'm a New Zealander that was deeply concerned by the new government winning the election but this policy gives me hope.
- elyobo 9y agoI'm happy that National is out, but concerned about Winnie being in. This policy might be a good start, but so far looks like window dressing that's not going to achieve much.
- contingencies 9y agoWhy? It already cost foreigners NZD$30,000 in extra foreign buyer approval fees (no guarantee) which was a cash cow. This will kill that cash cow. The best thing about NZ has been immigration. This is just going to funnel money to large construction companies building apartments, and turn NZ in to an apartment farm.
- FooHentai 9y agoThat's not correct. >New Zealand’s overseas investment legislation only affects transactions that include sensitive New Zealand assets, including land that is considered sensitive. https://www.linz.govt.nz/regulatory/overseas-investment/find-out-if-you-need-consent-invest-new-zealand/answers-about-overseas-investment https://www.linz.govt.nz/regulatory/overseas-investment/find...
- contingencies 9y agoSensitive includes half the country, eg. anything naturalesque with "covenants", government proximity, foreshores, historical sites, etc. Source: Real estate expedition to NZ, 2015.
- FooHentai 9y agoDoesn't particularly include urban residential.
- FooHentai 9y agoUpdate: It's about to mean a lot more: https://www.stuff.co.nz/national/politics/98417459/labour-will-make-all-existing-homes-sensitive-effectively-banning-foreign-buyers https://www.stuff.co.nz/national/politics/98417459/labour-wi...