Labour claims they’ve banned overseas speculators, Herald article proves they’ve done no such thing

One of Labour’s 100 days plans was to ban foreign speculators.

On Thursday they sent out an email titled “We did this!” claiming exactly that:

Lloyd Burr points out:

It hasn’t banned them yet. It has just introduced a Bill that will ban them, but that Bill is months off from becoming law.

And the NZ Herald has the proof they haven’t banned anyone yet:

A company owned by the Chinese Government has been given permission to buy 42.3 hectares of land in Auckland’s north west – the equivalent of more than 40 rugby fields.

Universal Homes, which the Overseas Investment Office (OIO) says is 97 per cent owned by the Chinese Government, got the green light for the deal last month.

The decision was released by the OIO today and lists the vendors as Westgate Joint Venture, which is a collection of landowners in the area near the Westgate Shopping Centre.

The OIO said that Universal Homes is a property developer specialising in projects that involve subdivision through to completed houses.

The OIO, when approving the deal, said that the deal was likely to produce a “large number of properties in a short timeframe”.

It would also introduce significant capital and advance “a significant government policy” by supplying Auckland houses.

The decision did not detail how much money would be paid for the land.

Calling it spin is generous, it’s a lie and last week even more land was approved for sale to Johnny Foreigner.

Labour can’t lie straight in bed.


-Newshub, NZ Herald

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.