Why the foreign buyer ban is bad lawKevin Stent/Stuff Prime Minister Jacinda Ardern and Trade Minister David Parker announce the ban on foreign investors in the residential housing marketThis story was originally published on Newsroom.co.nz and is republished with permission. Still, watching the select committee hearings was a strangely riveting spectacle - largely because almost everyone said the same thing. 123RF There's no data to show whether foreign buyers are actually reducing the supply of houses and pushing up prices, says Shamubeel Eaqub. And keeping out foreign buyers is still a core part of the Government's plan. Twyford himself told Newsroom the bill has two objectives - protecting New Zealand from harmful foreign investment, but also encouraging investment in housing.

Source: Stuff March 26, 2018 20:47 UTC