Stuart Nash: Former Labour Minister on foreign investors being able to buy homes - Early Edition with Ryan Bridge

A drive to attract foreign investors could deliver more than just financial gain. 

The Government’s tweaking visa rules, letting Active Investor Plus holders buy or build one New Zealand home worth at least $5 million. 

This is on top of the minimum $5 million investment pledge needed to get the visa. 

Former Labour Cabinet minister Stuart Nash told Andrew Dickens these investors will bring experience, contacts, and networks with them.   

He says they'll bring in a whole mix of different skills and competencies - which will create a lot of value 

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