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Property investing popular with MPs

Scapegoating property investors is a popular game for politicians these days – yet well over half the MPs in parliament are multiple property owners themselves.

Wednesday, May 16th 2018, 12:00PM 1 Comment

by Miriam Bell

Selwyn MP Amy Adams, who is National’s finance spokesperson, owns eight properties.

Of the 120 MPs in parliament, 71 own or have interests in two or more properties, according to the 2018 register of MP’s pecuniary interests which has just been released.

This figure is actually down slightly on the last Parliament in which 81 MPs qualified as multiple property owners.

Given the change in government that’s not much of a surprise and nor is the fact that a bit of a split along political lines is also evident. 

While more National Party MPs (42) are multiple property owners, 28 Labour Party MPs own, or have interests in, two or more properties.

Five NZ First MPs own, or have interests in, two or more properties while just one Green Party MP – Eugenie Sage – does. Sage owns three properties.

The MPs with the biggest property portfolios are all – bar one – National Party MPs.

The exception is Labour List MP Raymond Huo. He owns just one property outright and that’s his family home. But he is a shareholder of a company which owns nine rental properties.

Selwyn MP Amy Adams, who is National’s finance spokesperson, owns eight properties. They include three residential properties, two commercial properties, a farm property and two sections of bare land.

East Coast MP Anne Tolley owns four residential properties and four shops – although it is unclear whether the shops are individual properties or part of one commercial block.

National list MP Parmjeet Parmar owns seven properties. They include five residential properties, one split commercial & residential property, and another commercial property.

National MPs Gerry Brownlee (Ilam), Nicky Wagner (List) and Barbara Kuriger (Taranaki-King Country) all own, or have interests in, six properties.

A further four National MPs own, or have interests in, five properties while National Party leader Simon Bridges owns four properties (three residential, one commercial).

Of the non-National Party multiple property owning MPs, after Huo it’s NZ First’s Shane Jones, who is Minister of Regional Development, who is at the head of the pack. He owns five residential properties.

Meanwhile, the Labour Party’s top five MPs – Prime Minister Jacinda Ardern, Deputy Party Leader Kelvin Davis, Minister of Justice Andrew Little, Finance Minister Grant Robertson and Minister of Housing & Urban Development Phil Twyford – all own just one property.

Of the other party leaders, NZ First Leader Winston Peters owns three properties, Green Party co-leader James Shaw owns one while Shaw’s co-leader Marama Davidson and ACT Party Leader David Seymour don’t own any.

It should be noted that assessing the property holdings of six MPs (four from Labour, one from National and one from NZ First) is not straightforward as they have interests in blocks of Maori land.

Read the full Register of Pecuniary and Other Specified Interests of Members of Parliament here.

 

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Comments from our readers

On 18 March 2020 at 11:07 am disciple said:
how many residential properties does Helen Clark(e?) own?
she used to own 9 residential properties

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AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.24 6.79 6.65
ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.24 6.79 6.65
ASB Bank 8.64 7.24 6.79 6.65
ASB Better Homes Top Up - - - 1.00
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Bluestone 9.24 - - -
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BNZ - Classic - 7.24 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.84 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.69 6.45 6.19
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 ▼8.09 ▼7.59 ▼7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 ▼9.09 ▼8.59 ▼8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 7.45 7.25
SBS Bank Special - 7.24 6.85 6.65
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.04 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.24 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.89 7.49 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.89 6.65
Median 8.64 7.29 7.32 6.65

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