Foreign buyers ban comes into effect today---Labour Day
One of Labour's biggest election promises comes into effect on Monday.The foreign buyers ban prevents many non-residents from buying existing homes.The Bill passed its third reading on August 15 with 63 votes to 57. New Zealand First and the Green Party voted for the Bill."This Government believes that New Zealanders should not be outbid by wealthier foreign buyers," Associate Finance Minister David Parker said at the time."Whether it’s a beautiful lakeside or oceanfront estate, or a modest suburban house, this law ensures that the market for our homes is set in New Zealand not on the international market."But Property Institute CEO Ashley Church believes it will do nothing to reduce house prices."The evidence is, across the Tasman and other parts of the world, that the imposition of foreign buyers bans… have made virtually no difference to those markets either. In fact Mr Church believes the ban could have an adverse effect on the New Zealand economy as the country has previously welcomed foreign investment."That's not necessarily going to be the case going forward and that's a retrograde step for our economy as a country that needs foreign investment and needs money to come from other parts of the world. There will be exemptions for people from Australia and Singapore.
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Riddle Me This, Neighbours! Bet You Can’t Guess It!
Sometimes narrow, sometimes wide, wind or rain, I stay outside.
Even if there’s heat or snow, from house to house I will still go.
What am I?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
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Poll: When should the tree go up? 🎄
From what we've heard, some Christmas trees are already being assembled and decorated.
What are your thoughts on the best time to get your Christmas tree up?
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5.1% Second half of November
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41.1% 1st December
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17.9% A week before Christmas
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34.6% Whenever you wish
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1.3% Other - I'll share below
Don’t Wash Your Hair In The Shower
It’s so good to finally get a “Health Warning” that is useful.
It involves the shampoo when it runs down your body when you shower with it… a warning to us all!”
I don’t know why I didn’t figure this out sooner!
I use shampoo in the shower when I wash my hair.
The shampoo runs down my whole body and printed very clearly on the shampoo label is this warning: “For Extra Body & Volume”
No wonder I have been gaining weight!
Well I got rid of that shampoo.
I am going to start showering with Dawn dishwashing Soap instead.
The label reads: “Dissolves Fat” that is otherwise difficult to remove.
Problem Solved✅
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