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Wealthy foreign investors allowed to buy luxury homes in New Zealand

New Zealand Prime Minister backs $5m property path to lure big investors

Last updated: 2 September 2025 | 4 min read

New Zealand First leader Winston Peters has previously opposed foreign home ownership.

Prime Minister Christopher Luxon was joined by deputy PM David Seymour and Immigration Minister Erica Stanford for the announcement.

National and NZ First had differing views on foreign investment

Opposition says it will drive up housing costs

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Miriam, Stuart and their two daughters couldn’t be happier.

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