Erica Stanford: Immigration Minister on the coalition allowing Golden Visa holders to buy homes here - Heather du Plessis-Allan Drive

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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