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Reaction to the new property data

NZ NewswireNZ Newswire 10/05/2016


* "The big issues in Auckland have never been foreign buyers, the big issues have always been the council enabling more houses to be built faster" - Finance Minister Bill English

* "While we can't read too much into just two quarters, it indicates that overseas tax residents are behind a relatively small proportion of property transfers" - Land Information Minister Louise Upston

* "The fact that this data is so limited and the government has selectively released parts of it, underlines the need for a proper searchable register of foreign property ownership - as is the policy in Australia and the United Kingdom" - Labour's housing spokesman Phil Twyford

* "New Zealanders desperately need the government to collect definitive information on the number of non-resident foreign housing speculators operating in New Zealand, and the government has let us down" - Green Party co-leader Metiria Turei

* "Confirmation that 97 per cent of property sold in the last three months went to New Zealand tax residents shows the fuss over foreign buyers has been pure political scapegoating" - ACT Party leader David Seymour

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