It's looking more likely that NZ First is on board with the new rules for foreign investors - including a shake-up for overseas buyers of property.

New reports claim NZ First is set to agree to allow wealthy people to purchase homes over a certain threshold - it's rumoured to be $5 million.

BusinessDesk's Pattrick Smellie explains further.

LISTEN ABOVE

It's looking more likely that NZ First is on board with the new rules for foreign investors - including a shake-up for overseas buyers of property.
New reports claim NZ First is set to agree to allow wealthy people to purchase homes over a certain threshold - it's rumoured to be $5 million.
BusinessDesk's Pattrick Smellie explains further.
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Pattrick Smellie: BusinessDesk managing editor on the Government signing off on new rules for foreign investors

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/158e04eb-c7e7-49f5-8e3a-b28200718813/transcript