Winston Peters: NZ First Leader on the changes to investment rules that allow foreign investors to buy property

The Mike Hosking Breakfast

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4d ago 5:07

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New Zealand First Leader Winston Peters says he wasn't dragged kicking and screaming into a new foreign investors deal.

The Government’s approved changes to allow people with an investor residence visa to buy or build one home, starting at $5 million.

They’re required to invest an extra $5 million into the economy to qualify.

Peters told Mike Hosking he supports the changes and wants to make very clear it's not a change to the foreign buyers ban.

He says it's a change to investment rules to attract money to the country that we desperately need.

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