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Peters on the warpath over land sales

NZ Newswire logoNZ Newswire 14/03/2017

NZ First leader Winston Peters speaking during a TVNZ multi-party debate in Auckland, New Zealand. © AAP Image/Getty Images NZ First leader Winston Peters speaking during a TVNZ multi-party debate in Auckland, New Zealand. NZ First leader Winston Peters says sales of land to foreigners "went through the roof" last year and he's asking what New Zealand gained from it.

"Foreign buyers snapped up 465,863 hectares compared to 79,897 hectares sold to foreigners in 2015," he said.

"The question must be asked - where is the gain for New Zealand."

Mr Peters says too many foreign buyers are looking after their own interests.

"Our preference is for New Zealanders to farm and look after the land for generations to come."

The government recently opposed a bill Mr Peters drafted which would have set up a register of foreign land ownership, and it was defeated in parliament.

"Clearly the National Party doesn't want to know what the level of overseas buying is and they most certainly don't want the public to know," he said.

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