Hundreds of investors are asking MPs to amend or abandon the government's plan to ban non-residents from buying houses in New Zealand.
The sale and purchase of severely-damaged properties is going un-recorded on Christchurch City Council property files. Photo: Christchurch Dilemmas
Submissions to Parliament on the Overseas Investment Amendment Bill have been released.
Auckland real estate agent Grant Dickson said overseas investment in social housing projects should be encouraged rather than discouraged.
Johnny Wang, a New Zealand citizen working overseas, said treating him as a foreigner is totally unacceptable as he is sending money back to New Zealand.
The Queenstown District Council's submission opposed the bill but said overseas investors should be required to make a contribution to housing developments in their district.
There was also some support for the bill.
Chengying Jiang said the government should insist houses were used for living and not as investments.
