The Property Academy Podcast Foreign buyers: The housing market's last hope? ⎥Ep. 2043
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Apr 15, 2025 They debate whether lifting bans on overseas buyers could return to New Zealand and what policy options are being floated. They cover proposed investor visas, high minimum thresholds, and political promises tied to tariffs and immigration signals. They also dig into past data on foreign purchases and how many listings might actually be affected.
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Previous $2 Million Proposal With Tariff
- The National Party previously proposed letting overseas buyers in if they spent over $2 million and paid a 15% tariff to the government.
- Stephen Knight and Andrew Nicol note this policy was blocked by New Zealand First and never implemented despite media chatter.
Active Investor Visa Could Loosen Rules
- Immigration Minister Erica Stanford suggested easing house purchases for high-value investors on the Active Investor Plus visa who bring $10 million or more.
- Stephen Knight highlights the government wants big international capital but recognises these investors often want to buy homes.
Political Players Signal Possible Change
- Winston Peters indicated openness to relax rules for ultra high net worth foreigners who invest broadly in New Zealand.
- Andrew and Stephen stress nothing is confirmed but signals show potential willingness from previously opposing figures.