The many houses of our MPs - which MPs have a stake in multiple properties?

Nathan Guy has a stake in 21 NZ properties.
FAIRFAX NZ

Nathan Guy has a stake in 21 NZ properties.

MPs are making a killing buying up large in New Zealand's overheated property market. 

Their penchant for property investment has been laid bare in the latest publication of MPs' Pecuniary Interests - registering a 52 per cent leap in the number of properties our elected representatives declared an ownership stake since 2008.  

Between them, 116 of our MPs own or have an interest in 302 properties and more than three quarters boast a portfolio of anywhere between two and 12 properties. 

Treasury puts the housing shortage in Auckland alone at 35,000. Nationally, it's estimated to be 65,000. How many MPs ...
GILL ALCOCK/FAIRFAX NZ

Treasury puts the housing shortage in Auckland alone at 35,000. Nationally, it's estimated to be 65,000. How many MPs own more than one property in New Zealand's most overheated market?

 

According to Treasury, New Zealand was short roughly 60,000 homes - 35,000 needed to be built in Auckland alone. 

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RNZ

Two MPs and party leaders who don't own homes, James Shaw from the Greens and David Seymour from Act lay the blame for the difficulty of home owning at the feet of those who have more than one home each.

Recent estimates from Statistics NZ show 63 per cent of New Zealand households own the property they're living in - a rate that's steadily declined since 1991 when 73 per cent of Kiwis owned a home. 

Of the 302 properties owned by MPs, a total of 78 MPs had a stake in more than one and 53 had a stake in three or more properties. 

Parliament's annual register shows all of the investments, property and gifts over the value of $500 that MPs gain financially from, each year. 

PM Bill English owns two properties.
TOM LEE/FAIRFAX NZ

PM Bill English owns two properties.

The report only shows the ownership interests of sitting MPs at the time of publication, although during the reporting period, former Prime Minister John Key, former Labour MPs David Shearer, David Cunliffe and Phil Goff, and former Green MP Kevin Hague will all have been required to file a return. 

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So what do we know about our elected representatives property-buying habits? 

Which parties boast the biggest property portfolios? 

National Party MPs are the biggest property owners, with interests in 190 properties, an average of 3.43 per MP.

 

Labour Party MPs have a stake in 58, an average of 1.93 each. For NZ First's MPs it's 21 properties - 1.91 each - and the Greens' 14-strong caucus holds a collective cache of 20 properties. 

Of the smaller parties: Peter Dunne of UnitedFuture has two properties, and the Maori Party's two co-leader's Te Ururoa Flavell and Marama Fox own one home each. ACT's David Seymour does not own any property.

What do Cabinet Ministers own? 

The Ministers sitting around the Cabinet table - on occasion turning their minds to the issue of soaring house prices in New Zealand - have even higher rates of property ownership. 

On average, they each have a stake in 3.85 properties. Louise Upston is the only Minister who has not declared an ownership stake in any property. 

 

Prime Minister Bill English owns two properties; his family home in Wellington's Karori, and a stake in the family farm in Dipton. 

Health Minister Jonathan Coleman owns three properties; his family home on the North Shore, an apartment in Wellington and a holiday home in Omaha. 

Many out of town MPs own apartments in Wellington, not just Ministers. 

Nathan Guy however sits on the top rung of the property ladder. He has declared ownership or a stake in five properties, spread across farmland, the family home and rental properties. He declared a farm that has four dwellings on it.

Through his superannuation scheme, Guy also has a stake in 13 commercial properties. 

Who are the biggest property moguls sitting on Parliament's benches? 

Cabinet Ministers Guy, Amy Adams and Anne Tolley have the most property interests, with 21, eight and eight respectively.

National backbench MP Parmjeet Parmar has declared an interest in seven properties, while Ian McKelvie - Parliament's richest man - has a stake in four properties, spread across some extensive farmland, the family home, an apartment and a commercial property. 

And the rest of them?

Opposition leader Andrew Little holds a modest lot - the family home in Island Bay. His deputy Jacinda Ardern had a stake in two properties over the reporting period to January 31 - the family home in Pt Chevalier, which she still holds, and the previous family home which was sold in February, after the deadline. 

 Deputy Prime Minister Paula Bennett owns three properties, all in Auckland. NZ First leader Winston Peters has declared three properties: one in Auckland, one in Northland's Whananaki and land in Whananaki. 

And who owns nothing? 

The only MPs who did not appear to own properties according to the register, were National MPs Louise Upston and Paul Foster-Bell, Act Party leader David Seymour, Labour MPs Kris Faafoi and Peeni Henare, Green Party co-leader James Shaw and MP Marama Davidson and NZ First MPs Darroch Ball and Ria Bond. In 2008 26 MPs had no ownership stake in property.

 - Stuff

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