1 Nov 2017

New govt's housing ban lacks detail - Steven Joyce

From Morning Report, 7:37 am on 1 November 2017

In an effort to ease the housing crisis, Prime Minister Jacinda Ardern yesterday announced Labour would make changes to the Overseas Investment Act to classify residential housing as "sensitive". It stops non-residents and non-citizens from being able to purchase existing houses, although they can still buy land to build on. But National's finance spokesperson Steven Joyce tells us the plan lacks detail.