Matthew Hooton calls out Winston Peters on foreign land ownership and his past record in this regard, especially his claims that restriction on foreign ownership of residential land has ALWAYS been a bottom line for NZ First.
Homeowners, farmers and property investors should heavily discount Winston PetersâÂ statement yesterdayÂ that stopping sales of residential properties and farms to foreigners will be and has always been a bottom line for NZ First.
He has no intention of implementing such a policy and nor has he ever done.
Anyone who owns or is thinking of owning property in New Zealand should take time to understand his record and his political imperatives as outlined below.
Twice in recent history, in 1996 and 2005, Mr Peters has held the balance of power and had the ability to choose the prime minister. In neither case did he make foreign ownership of residential properties or farms anything like a bottom line.
Check out hisÂ 1996 coalition dealÂ with Jim Bolger: There are no new restrictions on sales of residential properties to non-residents.Â The changes to the rules for farmland do not restrict ownership only to residents but allow purchases by others who âwill make a material contribution to the local or New Zealand economy.Â Read more »