Labour has renewed calls to ban foreigners buying New Zealand houses after an Auckland lawyer claimed numbers were much higher than official figures have revealed.
Phil Twyford, Labour’s housing spokesman challenged official data showing that foreign buyers made up only 3 per cent of all buyers.
“The Government continues to mislead the public about foreign speculators with its selective data underestimating their impact on the New Zealand housing market by up to 75 per cent,” Twyford said.
Read more here: http://www.nzherald.co.nz/mortgages/news/article.cfm?c_id=516&objectid=11700204
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