"Ardern announced plans to slash immigration and focus on regional development and job creation.
"We have agreed on banning the purchase of existing homes by foreign buyers," she said, specifying that the new rules only applied to non-residents.
"(We) also have plans around farmland and other critical infrastructure," she added.
Anti-immigration campaigner Peters, whose support was crucial for Ardern to form a ruling coalition in the 120-seat parliament, said a message has been sent that New Zealand was "no longer for sale"."
"We have agreed on banning the purchase of existing homes by foreign buyers," she said, specifying that the new rules only applied to non-residents.
"(We) also have plans around farmland and other critical infrastructure," she added.
Anti-immigration campaigner Peters, whose support was crucial for Ardern to form a ruling coalition in the 120-seat parliament, said a message has been sent that New Zealand was "no longer for sale"."