29 Jun 2018

Queenstown fears foreign buyer ban will push up house prices

From Morning Report, 8:25 am on 29 June 2018

There are fears the Government's foreign buyer ban may have drastic consequences for communities like Queenstown. Queenstown is both the most unaffordable place to live in New Zealand and has the highest rate of foreign home ownership. But those in the community say the government's proposed ban will have little effect and may in fact make the problem worse. Timothy Brown reports.