Real Estate

New Zealand bans foreign ownership

  • Last Updated:
  • Aug 19th, 2018 4:55 pm
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Dec 13, 2016
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New Zealand bans foreign ownership

Just read on Thai news site our of all places. On mobile and lazy to post a link, so if someone else may....

Basically it bans ownership an resales while it allows up to 60% on new developments as I understand.
22 replies
Deal Addict
Jul 27, 2017
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4 million people + 40 million sheep ... this is an important event that Trump should take notice of

https://www.nzherald.co.nz/business/new ... d=12107707

it says 'some resale houses'

the blame lies on the Chinese

meanwhile in Thailand with a population of almost 69 million the density is 135 people per sq/Km, whereas in New Zealand it's 15 people per sq/Km

could the issue of this story be that there isn't enough housing in NZ, or too few people?
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Sep 30, 2011
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RFD Steals Your info
Canada could do the same for the point hating Chinese money, but to save economy and household wealth may be not.

New Zealand is a immigration country to begin with, like Canada, but what more horrible though is that country is an isolated small island with very little meaningful economy.
So it only make sense for rich immigrant to stay for ocean bound leisure life and recreational nature enjoyment.

Similar to Toronto and Vancouver, only buying house make sense, anytime you want to do a business there are all kinds of red tape and rip-off waiting for you.
No need to say, don't work too hard either, government can tax you hard-earned money and handover to bum easy.
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Jul 27, 2017
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napoleonbot wrote: Canada could do the same for the point hating Chinese money, but to save economy and household wealth may be not.

New Zealand is a immigration country to begin with, like Canada, but what more horrible though is that country is an isolated small island with very little meaningful economy.
So it only make sense for rich immigrant to stay for ocean bound leisure life and recreational nature enjoyment.

Similar to Toronto and Vancouver, only buying house make sense, anytime you want to do a business there are all kinds of red tape and rip-off waiting for you.
No need to say, don't work too hard either, government can tax you hard-earned money and handover to bum easy.
I agree & having lived in NZ, any influx of money should be welcomed

The difference is the Kiwi Govt (Victorian) mentality that dates back more than 150 years ... protectionism, trying to keep it peaceful & quiet, no outsiders welcome & they don't care if they suffer their lot .... because 'no one cares about NZ' only the folks that live in that expensive hard to emigrate to little island.

look see how difficult it is to emigrate to NZ, almost impossible

4 million people, 40 million sheep ... thats NZ
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Dec 30, 2012
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porticoman wrote: 4 million people + 40 million sheep ... this is an important event that Trump should take notice of

https://www.nzherald.co.nz/business/new ... d=12107707

it says 'some resale houses'

the blame lies on the Chinese

meanwhile in Thailand with a population of almost 69 million the density is 135 people per sq/Km, whereas in New Zealand it's 15 people per sq/Km

could the issue of this story be that there isn't enough housing in NZ, or too few people?
Could the issue be that wise New Zealanders don’t want their beautiful country turning into Thailand?
Last edited by civiclease on Aug 17th, 2018 4:55 am, edited 1 time in total.
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Dec 30, 2012
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porticoman wrote: I agree & having lived in NZ, any influx of money should be welcomed

The difference is the Kiwi Govt (Victorian) mentality that dates back more than 150 years ... protectionism, trying to keep it peaceful & quiet, no outsiders welcome & they don't care if they suffer their lot .... because 'no one cares about NZ' only the folks that live in that expensive hard to emigrate to little island.

look see how difficult it is to emigrate to NZ, almost impossible

4 million people, 40 million sheep ... thats NZ
You don’t know what you’re talking about, despite claiming to have lived there. On a per capita basis New Zealand has one of the highest immigration intakes in the developed world. You seem to be conflating foreign home ownership with immigration. You do know those are two different issues?
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Oct 7, 2007
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Every country has a right to protect its values and set its policies. An outsider usually doesn't have any rights or privileges owed to them from a foreign government. If New Zealand has protectionist policies, I respect that they want to protect their country, their sovereignty and probably their population. I wish our political leaders would give a little more consideration to the taxpayers who live, work and pay taxes in this country when it comes to how policies are set and hardworking, taxpayer funds are given out to those who don't live, work or pay taxes in this country. It seems that the nationals including the veterans of our country are suffering because our leaders are confused about who it is they are supposed to be serving.
Deal Addict
Jul 27, 2017
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@ post #9 ^ I agree

its just NZ 40 million sheep have no voice & the 4 million population are mainly hobbits

when I live in NZ in the early 80's the census was 3 million people, 30 million sheep

even if by percentage of population of immigrant numbers are as high as they state ~15%, there are still too many sheep & too few people that would actually want to live in that expensive country
Deal Addict
May 9, 2017
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Why aren't people from Australia and Singapore banned too?
Deal Addict
Jul 27, 2017
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have you ever watched 'Border security: Australia- they certainly vet the Kiwi's & just about anyone going into OZ
Deal Guru
Feb 9, 2009
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NotRobot wrote: Why aren't people from Australia and Singapore banned too?
Some free trade bs...
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Mar 20, 2017
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It is actually very good that Canada is not a leader and trend-maker in the area of foreign-buyers discrimination.
Will be very interesting too see the actual consequences in the countries that are several steps ahead of Canada.
The primary interest to see is not what low-educated people expect (cooling and affordability), but the effect on investing climate and new housing supply.
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Dec 30, 2012
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neilsmith43 wrote: Who cares? Who will go to that little island?
Apparently lots of people want to go there. Too many, in fact. Did you not notice what this thread is about?
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NotRobot wrote: Why aren't people from Australia and Singapore banned too?
Australia and NZ have an EU-style freedom of movement agreement allowing citizens of one country to live and work in the other without immigration or residency procedures. In that respect, perhaps the new law considers Australians a type of “citizen abroad” and therefore not subject to the foreign ban. And anyway, it isn’t Australian speculators that have swamped NZ, they can simply speculate in their own homegrown bubbles in Sydney and Melbourne.

As for Singapore, don’t know....
Last edited by civiclease on Aug 17th, 2018 1:07 pm, edited 1 time in total.
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porticoman wrote: @ post #9 ^ I agree

its just NZ 40 million sheep have no voice & the 4 million population are mainly hobbits

when I live in NZ in the early 80's the census was 3 million people, 30 million sheep

even if by percentage of population of immigrant numbers are as high as they state ~15%, there are still too many sheep & too few people that would actually want to live in that expensive country
You’ve mentioned sheep in three posts. Why the weird obsession with sheep? It’s a large industry there. How many head of cattle are in Canada? Or chickens? Go look that up and get back to us.
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Dec 21, 2013
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NotRobot wrote: Why aren't people from Australia and Singapore banned too?
Very friendly tax laws if you want to re-route your money into NZ. That's why.
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Good move, just a start though, should be even more aggressive. Outright ban on new foreign ownership for 10 yrs with referendum.
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Furcorn wrote: Good move, just a start though, should be even more aggressive. Outright ban on new foreign ownership for 10 yrs with referendum.
That's actually a great idea.

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