News

Overseas investors pushing property out of Kiwis’ reach, say Greens

Tuesday 10th of May 2005

“The Government refuses to face up to the fact that its open-door policy on land sales is artificially inflating the price of properties, including residential housing,” Green Co-Leader Rod Donald said.

“It’s not just the family farm or the bach at the beach which is out of reach – first-home owners are now losing out to foreign investors.

“The select committee scrutiny of the Bill reve...

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