A residential housing block in Darlinghurst, Sydney, New South Wales, Australia, 17 September 2021. Another housing block COVID-19 cluster has emerged at another inner city location following reports of a cluster in Redfern. EPA-EFE/DEAN LEWINS AUSTRALIA AND NEW ZEALAND OUTThe centre-right National Party-led government has progressively loosened New Zealand's Active Investor Plus visa since relaunching it in April 2025, cutting the minimum investment for its Growth category to NZ$5 million ($2.93 million) from NZ$15 million, shortening the required investment period to three years from four, and widening the range of eligible investments.
Applicants in the Growth category will not be able to invest directly in build-to-rent projects, with money required to go through approved managed funds. Investors and their family members will also be barred from living in a development financed by their investment, the government said.
Changes to the scheme designed to attract wealthy foreigners come as the South Pacific nation of 5 million experiences record net migration and weak economic growth.
Other changes to the Active Investor Plus visa include eased English-language requirements for some applicants and expanded philanthropic investment options.
($1 = 1.7085 New Zealand dollars)
(Reporting by Lucy Craymer; editing by Lincoln Feast.)
Comments
Scroll down to load comments...