Our 121 MPs have interests in 295 properties between them

John Key's four properties, including a Parnell mansion, may seem a lot. But there are a dozen MPs who have more ...
Chris Skelton/Fairfax NZ

John Key's four properties, including a Parnell mansion, may seem a lot. But there are a dozen MPs who have more property interests than he does.

About half of New Zealanders own a home - two-thirds of MPs own more than one.

Our politicians' penchant for property is revealed in an analysis of the latest register of MPs' pecuniary and other interests.

MPs declared a stake in, or full ownership of, 295 properties, which represents an average of 2.43 properties per MP.

Of the 121 MPs, 81 had an interest in more than one property.

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At the time of the 2013 census, 49.8 per cent of adult New Zealanders (15 and older) owned or partly owned the home they lived in - down from 53.2 per cent in the 2006 census. 

A close look at the MPs' register suggests about 88 per cent of MPs own their own home. That is, they have declared ownership of part ownership of at least one property classified as a family home, home, house, apartment, residential property or cottage.

WHO ARE THE PROPERTY BARONS?

The biggest property owners in Parliament are Amy Adams, Nathan Guy and Dr Parmjeet Parmar, who each have ownership stakes in seven properties. Adams and Guy are cabinet ministers and Parmar is a first term list MP. All three are National MPs.

A further four have interests in six properties: Adrian Rurawhe (Labour), Clayton Mitchell (NZ First), and National MPs Barbara Kuriger and Jacqui Dean.

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Apart from a family home, Rurawhe has interests in a number of Maori land blocks.

Six other MPs have a stake in five properties: National's Gerry Brownlee, Anne Tolley, Nicky Wagner, Tutehounuku (Nuk) Korako and Scott Simpson and Green MP Kevin Hague.

WHAT DO CABINET MINISTERS OWN?

Cabinet ministers, who decide on Government policies, have even higher rates of property ownership than the already outsized rates of a regular MPs.

The 20 Cabinet ministers have a stake in 66 properties between them - 3.3 each on average.

Prime Minister John Key has two holiday homes - one in Maui and one in Omaha - as well as a family home in Parnell and an office in Huapai, Auckland.

Craig Foss, the minister for small business, has interests in three homes and a Wellington apartment.

HOW DO THE PARTIES DIFFER?

National's 60 MPs have a stake in about three properties each on average, Labour about 2 properties per MP, the Greens 1.7 and NZ First 2.3.

Of the remaining four MPs, Peter Dunne has two, David Seymour none and the two Maori party MPs one apiece.

ARE THERE ANY MPs NOT IN THE PROPERTY MARKET?

Yes, but not many.

Of the 121 MPs, only 11 declared no interests in property. They were: Darroch Ball, David Cunliffe, David Seymour, Louise Upston, James Shaw, Kris Faafoi, Marama Davidson, Paul Foster-Bell, Peeni Henare, Ria Bond, Todd Barclay.

 

 - Stuff

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