Christopher Luxon: Prime Minister on lifting the foreign buyers ban under new investment visa settings, Amazon date centres going live - The Mike Hosking Breakfast

The Prime Minister is celebrating tech-giant Amazon's continued moves into the New Zealand market. 

Amazon Web Services' data centres are now open in Auckland - something that is slated as a $7.5 billion investment.

The Prime Minister told Mike Hosking it will create up to a thousand jobs, and make an $11 billion boost to GDP. 

Luxon says it’s probably the largest ever publicly announced technology investment in New Zealand by an international tech firm.  

Speaking of international investors, the Prime Minister wants foreign investors to feel comfortable here so they invest more. 

New rules mean Active Investor Plus visa holders can now buy or build one home in New Zealand if it’s worth at least $5 million. 

They’ll still need to invest another $5 million separately, as part of the visa’s criteria. 

Luxon told Hosking everything will fall into place for these investors once they have a house here. 

He says it's not just about the first $5-10 million they're spending, it's what comes after that when they start seeing more investment opportunities. 

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