Golden circle: House sales for foreign investors 'favour the rich'

The average NZ house is worth more than $900,000, and in Auckland $1.21 million. (Image: NZME)

Tue, 19 Aug 2025

Wealthy foreign investors will get their chance to buy New Zealand homes, but a high-net-worth adviser expects the price tag will be $5 million or more. Prime Minister Christopher Luxon said on Monday that a proposal to tweak the foreign buyer ban on property sales would head to Cabinet in the next few weeks. The loosening of the foreign buyer ban will be targeted at investors who are pumping millions into NZ through the Government’s rebooted active investor programme (AIP). The issue of the property ban was said to be a dr...

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