Clamp down on foreign buyers: Alexander

Totally agree - a fantastic idea!! Its taken 6mnths to find a property that Asian buyers do not want to throw completely ridiculous amounts of money at -forcing the average Kiwis out of this market- the only way for Kiwis is to buy a property out of the school zones the Asians are buying in. Forcing us to buy further away from the city with longer commuting times Regards Denise

Absolutely a good idea. The high cost of new housing in NZ is also partly the fault of greedy councils, profit gouging building material oligopolies and some unnecessary building code compliance requirements. I welcome increased foreign investment involvement in the new home area with higher LVR requirements. Other nations do it to use so whats the issue?

Well, so much for my plans to move to NZ. We were just about to file for our visa's too. Maybe you need immigration controls on people from certain country's. Not all of us are rich Asians. I'm from the US and my wife is from Russia. Our govt's wish to keep us apart for no particular reason so we need an English speaking country to start a business and perhaps flip houses to start over in. Too bad really, my 5 year old, she would have liked growing up a Kiwi. Its funny, my Grand parents had the same problem 80 years ago and the only country that would take them was the US. I guess things never really change do they. Also, if you think the govt messing about with the fair market value of RE is a good thing then you haven't been paying attention to the track record of govt, any govt.