Collins slates Twyford's KiwiBuild for not serving those most in need, but is comfortable with nearly 10% of residential property purchases in central Auckland being made by foreigners

There is no foreign buyer ban.

Permanent residents are foreigners.
Australians are foreigners
Singaporeans are foreigners.

national have little regard for kiwis when it comes to housing,
its supporters money that is of more interest here, what influence has been brought, let me count the ex national MP's on boards of banks and other companies associated with housing

I wonder how big her portfolio is? I wonder if she's another one who is leveraged to the max, part of the 8% holding 40% of the debt. Whatever we do, we must never let her anywhere near the national accounts!

From my perspective, this is exactly the kind of young couple we want to keep in New Zealand - and in Auckland in particular. We have a doctors shortage. The last thing we want is another young NZ trained medical graduate to decide there is no hope for his/her future in NZ.

So, if they are happy with their good fortune in the lottery, great! And let's get on with building state housing too for those less educated and/or less capable of solid future earnings prospects.

In just a week. :)

National party and its supporters..........

Many 'Interest' journalists suggested the obvious implemented in other parts of the world: if foreigners want to speculate in NZ housing they can help build them rather than buy existing stock. That way National could have had it's cake and eat it too. But over 9 years it did nothing at all and there is no evidence it would do anything at all when reelected.

If there was a least preferred pri minister poll, I would definitely vote for Judith!

It must be embarrassing to be a Young Nat right about now.

She's a horrid horrid woman

'Foreign Buyer ban reducing housing supply.' Is she completely mental.... Foreign buyers aren't coming over here with bricks and mortar and building the sodding houses... They're buying them through brokers and investment companies and most of them will never have even left China themselves....

Thank you Jenée (or sub). That is an elegant headline.

She might gain a bit more credibility (snigger) if she checked how many houses are on Air bnb, might go a lot further toward explaining things rather than the outright lying she has become wont to do.

What do you all make of this https://www.trademe.co.nz/property/residential-property-for-sale/auctio… and this appearing at the bottom of the ad "Chinese inquiries contact ............."

Quite like Judith but on the ownership issue she is wrong. The best benefit for New Zealanders would come from citizen only ownership of Any New Zealand land.

The subject of this topic needs to shift somewhat. We are discussing foreign buyers currently shopping in our residential property market. How many properties are being sold to them varies depending on who you chose to believe. But taking a look at the impact of them and trying to understand how many properties are currently OWNED by foreigners (non-residents) presents a bigger picture that is concerning. Running some very simple equations and using just 4% as an average value, after only 18 quarters or four and a half years, more than 50% of any market is owned by foreigners. At 3% the time frame goes out to six years. So whatever figure you want to believe, and even taking into account that some of the sales will be by foreigners to other foreigners (not accounted for) the total number of properties OWNED by foreigners will likely be substantial, and having a significant impact on our market. As no Government previously has shown even the slightest inclination to act against foreign buyers, and the current property crisis started shortly after 2000 (my opinion, and i know a specific cases of foreign buyers in our market then) that means this issue could be far worse than anyone suspects.

The 18 KiwiBore houses are crappy box’s that are not worth the money they are paying for them.
Aucklanders seem to have this idea that they need to be paying ridiculous money for houses.
Reality is that there is a far better lifestyle away from Auckland but too many have blinkers on.
Have spoken to several Auckland couples in recent few months as they have moved to ChCh and all have now seen that Auckland is just so overrated.
They see better opportunities and better lifestyle in ChCh and they are correct!

National is digging a hole for themselves. Will get bigger and bigger with time to come.

Judith Collins is on a slow burn implosion...?. Her Trump style of lie and deny is and will sink her. She'll go pop like JLR. Watch.... she'll have a meltdown too.

Tim - if you only read the NZ papers and watch TVNZ with their anti Trump rhetoric, you are missing all the real news. I receive information from both Democrats and Republicans which shows what we hear over here is usually from the Democrat anti Trump side of politics in the USA. Coloured people are turning in droves with polls showing up to 40% will vote Republican.

Am artificial housing cost price price bubble is created. Party A inflates the bubble by inviting foreign speculation, with the lucky few making a killing. Party B inflates the bubble with taxpayer funds, granting profits to a lucky few through a lottery. Party A says Party B is wasteful, Party B says Party A is greedy.

Meanwhile the bubble inflates and people are made homeless. Politicians are all assholes.

The percentage of properties bought by foreigners is only one side of the ledger and gives the impression that they are hoovering up all properties to the detriment of Kiwis. However, this number should be offset with the percentage of properties sold by foreigners, but never is.
If we found for instance that, say, 10% of properties in Auckland are sold by foreigners, do we actually have the problem we think we have?
I cannot find the percentage sold by foreigners anywhere though, making it impossible to determine whether we have this problem.
Which begs the question, what do our politicians base their policies on?

General Debate today in Parliament. One of these days JLR is gonna come down and do his thing.

About 8 years ago I built 3 apartments in Judith Collins' electorate, Papakura which is in south Auckland.

I had a LOT of trouble with the since absorbed Papakura Council. And also later on with Auckland Transport.

I appealed to Judith many times. Didn't even get a reply.

Oh and half way through National raised GST by 2.5% just adding to costs.

Now she's harping on about how the other party can't build enough houses.

She's a hypocrite. And is only concerned about her own political future, nothing else.

It's Halloween.. no wonder they put JCs face....