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

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

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/1dc78f24-ce2d-4148-9809-b282007186b6/transcript