The incumbent immigration minister of New Zealand has rubbished the claims made by some experts that–for the present housing emergency across certain regions, such as Auckland–migrants are responsible. Allegedly, the buying-up of the housing properties has led to a situation where in the nation is staring at a housing crisis. The minister’s observations arrive in the wake of the Green Party, the opposition party, recently forwarding the thought of a tax, on those non-residents who purchase residential houses in the country. Reportedly, with a view to cool the property market, a surcharge of 15% has been levied therein.

Coming back to NZ, Michael Woodhouse, the minister, added that the nation requires talents even while it’s (New Zealand) a migrant country, and it has at all times heavily depended on immigration. He further said that it’s really vital that individuals desist from being over concerned about what’s the migrants from Aisa are buying in the country, adding the housing issue is a supply side subject even as the administration is bringing-in certain modifications to deal with the same.

The minister further said that immigration, lately, had been rather steady, and migrants required somewhere to reside. He drew people’s attention to a recent BNZ study that revealed that close-to 9% of non-residents owned houses in the country. Out of those 50% of the owners wished to land in the country before long. And of the remaining, there were as many non-residents disposing-off properties as there were purchasing them. He continued that given this he is not very positive if it’s really the right to claim that immigration is pushing-up the costs of properties across the nation.