On Monday 1 September, the Government announced a new exemption to New Zealand’s foreign buyers ban. Under the change, holders of the “Golden Visa” will be permitted to buy or build one residential property with a minimum value of $5 million.
The Golden Visa programme provides two pathways to residency:
- a minimum $5 million investment over three years in higher-risk ventures, or
- a $10 million investment over five years at a lower-risk threshold.
Prime Minister Christopher Luxon said the exemption is expected to affect only around 10,000 households out of New Zealand, noting that the policy is designed to “attract high-net-worth investors by deepening their connection to our country and helping to grow the economy.” Changes are expected to come into force before the new year.
Author | Bella Leddy
As Property Council’s Junior Advocacy Advisor, Bella supports the development of policy and advocacy initiatives that reflect the real-world experience of our members.
With a Bachelor of Laws and Politics from Otago University and previous experience as a policy intern at the Department of Internal Affairs, Bella brings both a sharp analytical mind and a genuine passion for public policy. She’s particularly energised by engaging with members to ensure our advocacy is grounded in industry insight and practical solutions.
Extroverted, thoughtful and service-focused, Bella thrives in roles that connect people and ideas. Outside the office, she channels her energy into teaching group fitness classes – including yoga, pilates and spin – and is always up for a good political yarn.
