The government's directive to the Overseas Investment Office to raise the bar in overseas applications to buy sensitive New Zealand land has scared away tens of millions of dollars in investments in rural property and will hurt farm values, real estate firms say. Jonathan Underhill from BusinessDesk reports
The news that mattered this morning
In today's email we check out the latest data from Land Information New Zealand and whether it makes the foreign buyer debate any less murky.
The reality of the significant quake damage done to some of Wellington's largest commercial buildings is now dawning on the capital.
Mossack Fonseca's use of New Zealand entities in the Panama Papers came back to haunt the Government overnight.
It should have been a moment of clarity, but the arrival yesterday of Land Information New Zealand (LINZ) data on foreign buyers simply raised more questions and further muddied an already cloudy debate.
Good morning all.