Date
20 August 2017
Immigration is a key election issue in New Zealand where demand for housing has put home purchases out of the reach of many. Photo: Bloomberg
Immigration is a key election issue in New Zealand where demand for housing has put home purchases out of the reach of many. Photo: Bloomberg

Property prices send immigration up NZ election agenda

New Zealand’s political parties are buffing up their anti-immigration policies ahead of a general election in September, even as the country outperforms most major economies, the Wall Street Journal reported Friday.

The proposals include restrictions on foreign visas and property ownership.

Continued economic growth in New Zealand is luring more foreigners and returnees as well as prompting residents to stay in the country, sending house prices soaring beyond the means of many, the report said.

Government figures show that 3,980 more foreign nationals and New Zealanders took up residence in the country in May than emigrated—2,310 more than a year earlier, the report said. 

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