The Immigration Minister hopes allowing people on the Golden Visa to buy a home here will boost the economy in the long-run.

The coalition's come to an agreement - allowing people on Active Investor Plus visas to buy or build one home, worth at least $5 million - if they invest at least another $5 million into the economy.

Erica Stanford says she didn't want anything to skew the market - and $5 million seemed like a good figure.

"It means that these people can come, settle in New Zealand, get used to the landscape, spend more money here - but also not skew the property market, which is what we wanted to avoid."

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The Immigration Minister hopes allowing people on the Golden Visa to buy a home here will boost the economy in the long-run.
The coalition's come to an agreement - allowing people on Active Investor Plus visas to buy or build one home, worth at least $5 million - if they invest at least another $5 million into the economy.
Erica Stanford says she didn't want anything to skew the market - and $5 million seemed like a good figure.
"It means that these people can come, settle in New Zealand, get used to the landscape, spend more money here - but also not skew the property market, which is what we wanted to avoid."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Erica Stanford: Immigration Minister on the coalition allowing Golden Visa holders to buy homes here

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/66cc3e8d-dc7c-4bc4-8a54-b34b0061b265/transcript