Banning foreign buyers not a 'silver bullet' solution - expert


A property expert says while banning foreign home buyers is a step in right direction, it's not a "silver bullet" solution.

Property Institute CEO Ashley Church joins the AM to discuss Labour's move.

He told Duncan that,

"I certainly don't see it coming in and being the silver bullet that's going to solve the entire problem. But it's certainly one of a suite of things that will certainly help that deficit of property over the next few years.

Mr Church says he doubts the $2 billion set aside for the project will be enough - but "has confidence" that will be dealt with in time.

The AM Show with Duncan Garner, Amanda Gillies and Mark Richardson, weekdays 6-9am on RadioLIVE and streaming live to the ROVA app on Android and iPhone.