Billionaires club ‘refocuses’ on New Zealand

This 572sqm Oraka, Queenstown home, sold for more than $7m. (Image: Sotheby's)

Mon, 25 Sep 2023

The very wealthy are shifting their gaze back to a small island nation in the Pacific as they sniff the political winds of change.Realtors in the luxury end of the market say there’s been resurgent interest in New Zealand as a relatively well-priced haven for tech, construction and other billionaires.That assumes a National-led government takes the reins next month.Realtor Caleb Paterson, who works with a number of offshore agents and high net-worth individuals mainly out of the US and UK markets, said interest had “definitely perke...

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