BusinessDesk talked to real-estate agent Caleb Paterson, who works with a number of offshore agents and high net-worth individuals mainly out of the US and UK markets. He said interest had “definitely perked up” since National said it would repeal its ban on foreign buyers.

Foreign buyers, with the exception of Singaporean and Australian citizens, have been barred from owning NZ properties since 2018.

Assuming it makes up the next government, National’s plan would open the door to all foreign buyers to purchase NZ homes valued at more than $2 million, with a 15 per cent foreign buyer stamp surcharge clipped on, from the 2025 fiscal year.

Enjoy paradise while it lasts.

[–] fine_sandy_bottom@discuss.tchncs.de 1 points 3 hours ago

These billionaires aren't going to pillage NZ.

[–] Majorllama@lemmy.world 18 points 11 hours ago (2 children)

Oh absolutely not. It's a much smaller population and being an island it's got a figurative and literal buffer to the rest of the world.

I have always loved New Zealand. It's like the cooler uncle of Australia minus all the spiders the size of my head.

And it's just a beautiful place. Makes me wanna go frolicking in the mountains with an elf, dwarf and old white guy lol

[–] in4apenny@lemmy.dbzer0.com 1 points 5 hours ago (1 children)

Just because an island has a smaller population doesn't make it any more or less predisposed to egalitarianism, nor do large populations have to be predisposed to authoritarianism.

[–] Majorllama@lemmy.world 1 points 5 hours ago

....I never said either of those things?