It looks like National is planning to scrap the foreign home-buyers ban if it gets back into power.
The ban on foreign home-buyers was brought in by the Labour Government in 2018 as a way to take some of the heat out of the property market and keep foreign speculators away.
Before the ban kicked in in the March 2018 quarter about 3.3 percent of house sales were to foreigners, representing more than 1300 homes. Compare that to the March quarter this year, where foreigners bought about 121 homes - 0.4 percent of sales.
National has long been against the ban, calling it xenophobic.
Newshub asked National leader Christopher Luxon about it on Tuesday and he refused to rule out scrapping the ban.
"We will have more to say about that with our investment policy that we will announce in the next few weeks," he said. "Clearly, there has got to be restrictions on foreign buyers. We think that's appropriate. We will have more to say shortly."
National is staying very tightlipped about what those restrictions could be.
But any touching of the ban will certainly lead to cries from Labour the Nats are selling New Zealand down the river to foreigners with deep pockets keen to outbid Kiwis.
