Foreign Home-Buyer Ban Driven By Populist Hysteria

BY ACT at 19 December, 2017


 

“The Government’s decision to ban foreign home-buyers shows it is all too willing to bow to populist pressure and is unserious about tackling the housing crisis”, says ACT Leader David Seymour.

 

“The evidence from jurisdictions which have restricted foreign home-buyers is that these measures do not work. Hong Kong, Vancouver, Sydney and Melbourne have all banned or taxed foreign home-buyers and yet are still in the top ten least-affordable cities in the world


Massive Questions Remain over Government’s Foreign Home-Buyer Ban

BY ACT at 16 December, 2017


 

“The Government needs to immediately come clean over whether its foreign home-buyer ban breaches basic human rights and contravenes New Zealand’s trade deals with other countries”, says ACT Leader David Seymour.

 

On Thursday, the Government introduced legislation which would ban foreign home-buyers. Treasury has now released the advice it provided to Ministers on the proposed ban. It raises a number of questions which the Government must immediately answer.

 

“First, is the ban consistent


Five Takeaways from Grant Robertson’s Big Speech

BY ACT at 1 December, 2017


 

Pessimism about the economy 

 

The Finance Minister confirmed that bank economists were warning of dark clouds approaching the New Zealand economy.

 

Business confidence has fallen to an 8-year low on the back of uncertainty over the new Government’s quixotic schemes.

 

Paying lip-service to fiscal discipline

 

In front of a business crowd, Robertson hit the right notes by talking about getting “value for money”.

 

ACT is deeply sceptical.

 


Greens Have Left Principles at the Beehive Door

BY ACT at 29 November, 2017


 

“Green Minister Eugenie Sage has forgotten her commitment to natural justice and due process when making the newly-announced restrictions on foreign investment retrospective,” says ACT Leader David Seymour. The Land Information Minister’s new foreign investment directive will mean the Government is shifting the goalposts on applicants who applied under the old rules, a clear violation of the principles of natural justice.“This from a Minister who, when in Opposition, railed against the then-Government’s attempts to subvert