Guest Posted October 25, 2017 Share Posted October 25, 2017 (edited) It's happening. New Zealand bans foreign home buyers - http://www.bbc.co.uk/news/business-41745129 Edited October 25, 2017 by Guest Quote Link to comment Share on other sites More sharing options...
Fishfinger Posted October 25, 2017 Share Posted October 25, 2017 Go on I'll bite. Lamb? Lord of the Rings/Hobbit paraphernalia? Quote Link to comment Share on other sites More sharing options...
Guest Posted October 25, 2017 Share Posted October 25, 2017 1 minute ago, Fishfinger said: Go on I'll bite. Lamb? Lord of the Rings/Hobbit paraphernalia? Just edited post. Sorry didn't mean to leave it dangling. Homes. Bloody homes! Quote Link to comment Share on other sites More sharing options...
adarmo Posted October 25, 2017 Share Posted October 25, 2017 This makes me want to move there even more! Quote Link to comment Share on other sites More sharing options...
Fishfinger Posted October 25, 2017 Share Posted October 25, 2017 1 minute ago, Grab_Some_Popcorn said: Just edited post. Sorry didn't mean to leave it dangling. Homes. Bloody homes! Quote Link to comment Share on other sites More sharing options...
spyguy Posted October 25, 2017 Share Posted October 25, 2017 Id not ban foreign buyers. Tax non residents/domiciled @ 5% of the purchase price a year. Dont let them buy property without unless heir home country allowing UK nationals to buy property, full legal title. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 25, 2017 Share Posted October 25, 2017 24 minutes ago, Grab_Some_Popcorn said: It's happening. New Zealand bans foreign home buyers - http://www.bbc.co.uk/news/business-41745129 That makes a healthy change, First Canada acts...then New Zeland...next Oz then the UK. It's like watching a hog roast. Quote Link to comment Share on other sites More sharing options...
spyguy Posted October 25, 2017 Share Posted October 25, 2017 More fun would be banning non residents from selling ...  Quote Link to comment Share on other sites More sharing options...
rantnrave Posted October 25, 2017 Share Posted October 25, 2017 Less choice for the Chinese buyers. More of them buying UK property soon? Quote Link to comment Share on other sites More sharing options...
Flopsy Posted October 25, 2017 Share Posted October 25, 2017 I'd like to see more on the detail of this before I get too happy. Although it sounds like a very good step in the right direction. I have extended family members in NZ and one family group with young children are having to rent as they cannot find anything to buy. Why does it say "existing homes" and does that mean that overseas investors will still be able to buy new builds in the future? Also what will "resident" mean? Will investors be able to buy their way into NZ and then buy housing, or will they be able to register on a course, stay for a while and then buy?  Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted October 25, 2017 Share Posted October 25, 2017 6 hours ago, Grab_Some_Popcorn said: It's happening. New Zealand bans foreign home buyers - http://www.bbc.co.uk/news/business-41745129 Â 5 hours ago, TheCountOfNowhere said: That makes a healthy change, First Canada acts...then New Zeland...next Oz then the UK. It's like watching a hog roast. Â You expect the UK to act? Lol. You're in count cuckoo land! Quote Link to comment Share on other sites More sharing options...
btd1981 Posted October 25, 2017 Share Posted October 25, 2017 6 hours ago, rantnrave said: Less choice for the Chinese buyers. More of them buying UK property soon? Dammit this strikes me as a excellent point Quote Link to comment Share on other sites More sharing options...
reddog Posted October 25, 2017 Share Posted October 25, 2017 I dont like the sound of the word resident. If they were taking things seriously it would be passport holders. I know they recently had an election and the New Zealand first party are king maker, so I guess this is a sop to that, however I guess the Labour party (who they are in coalition with) are planning to put in a lot of loopholes.  Quote Link to comment Share on other sites More sharing options...
eric pebble Posted October 25, 2017 Share Posted October 25, 2017 7 hours ago, spyguy said: More fun would be banning non residents from selling ...  GREAT idea!! Or --- Compulsory sale of all foreign owned property & 99% tax. I think I would die laughing. Quote Link to comment Share on other sites More sharing options...
ExiledMatty Posted October 26, 2017 Share Posted October 26, 2017 Kiwis should not get too excited about this BS spin. Anyone can still buy new homes. Half of Asia is already resident in NZ and immigration scams persist. Auckland looks more like Shanghai! Thank god they stick mainly to the cities and are not ruining the rest of NZ. Quote Link to comment Share on other sites More sharing options...
Bsmf Posted October 26, 2017 Share Posted October 26, 2017 Haven't all the billionaires already bought their 100 acre nuclear bolt holes? Quote Link to comment Share on other sites More sharing options...
anonguest Posted October 26, 2017 Share Posted October 26, 2017 2 hours ago, Bsmf said: Haven't all the billionaires already bought their 100 acre nuclear bolt holes? And then will all get wiped out through some major native seiemic event. Well one can dream about it happening at least ;-)  Quote Link to comment Share on other sites More sharing options...
spyguy Posted October 26, 2017 Share Posted October 26, 2017 22 hours ago, rantnrave said: Less choice for the Chinese buyers. More of them buying UK property soon? As far as I can can tell NZ + OZ really dont have their own economy. The last 20 years have seem them evolve into some minor, parasitical attachment to the great Chinese economy - feeding its population, educating its posh kids, emptying its mines. As Wi has jumped the shark and become China's King Jung In - leaders for life .... https://twitter.com/doumenzi?lang=en-gb   Quote Link to comment Share on other sites More sharing options...
sPinwheel Posted October 26, 2017 Share Posted October 26, 2017 11 hours ago, ExiledMatty said: Half of Asia is already resident in NZ and immigration scams persist. Half of Asia? That's like a couple of billion people.... Quote Link to comment Share on other sites More sharing options...
BorrowToLeech Posted October 26, 2017 Share Posted October 26, 2017 New Zealand population: 2016: 4.693M 2000: 3.858M A 21.6% increase. New Zealand Housing: 2000: 1.493M 2016: 1.8166M A 21.7% increase  rented 2000: 426300 2016: 597100 A 40% increase. New Zealand average household size 2.6 compared to the UK's 2.4    Quote Link to comment Share on other sites More sharing options...
Wayward Posted October 26, 2017 Share Posted October 26, 2017 A bit late for the younger generation in NZ that have been sold down the river and have blighted futures but this is good news I think for us...it makes it more difficult for TPTB to argue against similar restrictions here...their justifications will sound more and more hollow and be seen for what they are. Quote Link to comment Share on other sites More sharing options...
ubuntu Posted October 26, 2017 Share Posted October 26, 2017 Normally can't stand anything Polly Toynbee writes but this better than her usual output but I do note she wants to protect her 'mad gainz' & merely wants to 'chill the market and stop house prices rising above inflation'. How about a tax on your windfall gains Polly? https://www.theguardian.com/commentisfree/2017/oct/26/new-zealand-rich-foreign-home-buyers-labour-oligarchs Quote Link to comment Share on other sites More sharing options...
Will! Posted February 18, 2018 Share Posted February 18, 2018 Still considering it. BBC News:  Kiwis consider foreign house buyer ban It looks to me as though any ban or punitive taxation would be easy to evade though.  Non-permanent resident individuals could set up NZ-resident companies to buy property. Quote Link to comment Share on other sites More sharing options...
spyguy Posted February 18, 2018 Share Posted February 18, 2018 Dont ban. Tax non tax resudents 5-10% of ourcgase orice every year. Consider it a keeping natives happy tax. Countries dont owe foriegners fux all. Try buying any real estate in China. Â Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted February 19, 2018 Share Posted February 19, 2018 (edited) On 10/25/2017 at 8:08 PM, reddog said: I dont like the sound of the word resident. If they were taking things seriously it would be passport holders. I know they recently had an election and the New Zealand first party are king maker, so I guess this is a sop to that, however I guess the Labour party (who they are in coalition with) are planning to put in a lot of loopholes.  This change is of course only being introduced because New Zealand First - the NZ equivalent of UKIP whose leader Winston Peters is as charismatic as Farage - are in coalition with Labour. They are a historically anti immigration party. In terms of residency this means people who have been granted permanent residency on skills or investor or other visas. They aren't citizens - yet - but have the right to reside permanently. They get voting rights so why would they be stopped from buying homes. The problem of course is mainly an Auckland, Christchurch and Wellington problem. Housing is more affordable in remoter parts – although still crazy. I don't see this happening in the UK - because there are too many vested interests in the London prime market to stop it. Who on earth would otherwise buy those £750,000 new build flats in Elephant and Castle. Harlesden and Bow? Only overseas investors that have never visited the areas.  Edited February 19, 2018 by MARTINX9 Quote Link to comment Share on other sites More sharing options...
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