Phil Twyford insists foreign buyer ban will work


Housing Minister Phil Twyford defended the Government's decision to ban foreign buyers on the AM show this morning.

The new Government plans to introduce legislation to reclassify residential property as 'sensitive' land under the Overseas Investment Act. Prime Minister Jacinda Ardern says this would effectively ban foreign speculation without breaching international trade agreements.

National Party revenue spokeswoman Judith Collins joined the AM show to critique Labour's plan, saying the evidence wasn't on the Government's side.

Hear the full discussion by watching the video above.
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.