Foreign buyers will still be able to buy homes in New Zealand, if recommendations by the Finance and Expenditure select committee are adopted.
In today's subscriber email we caught up with the latest news in politics and the economy.
In today's email we looked at the detail of the proposed legislation to ban foreign buyers, and detail what Defence Minister Ron Mark claims is "the biggest blowout" yet found by the new Government.
The Government is set to introduce legislation to ban foreign buyers from buying existing homes and to force them to sell any new homes or apartments that they build.
Labour's re-tooled private member's bill to limit foreign ownership of rural land was drawn from the ballot and Judith Collins' court modernisation bill was read and referred to the select committee.