29/03/2026
Selling a Luxury or Lifestyle Property? New $5M+ Overseas Buyer Rules Explained
There’s been a lot of talk recently about overseas buyers returning to the New Zealand property market.
The reality is a bit different — but for homes over $5 million, something has changed.
Only a very small group of high-net-worth investors may now be able to purchase property here.
At the moment, the people who may be eligible are mainly those who already hold certain investor residency visas, such as:
Active Investor Plus visa holders (often called the “golden visa”)
People who obtained residency under the earlier Investor 1 or Investor 2 visa categories
Before they even think about buying a home, these individuals typically must first invest significant capital into New Zealand — for example:
Around $5 million in higher-risk, active investments, or
Around $10 million in more passive investments
Only after passing investment, health, and character checks and securing residency can they potentially purchase a qualifying property.
In simple terms:
It’s not “buy a house and get a visa.”
It’s the opposite — they must qualify and invest first, and only then are they allowed to buy a luxury home.
What kind of property can they buy?
The key rule is quite straightforward:
They are allowed to buy or build one residential property valued above $5 million.
If they do qualify, they may purchase one residential property valued above $5M, such as:
• Luxury homes
• High-end apartments
• Lifestyle properties
• Land and build projects exceeding $5M
The overseas buyer ban is still in place for most people, and purchases still require approval — but this policy does create a small new pool of potential buyers in the premium market.
For owners of high-end or lifestyle properties, it’s something worth keeping an eye on.
Call to action:
If you’re thinking about selling a premium home, lifestyle block, or development land, feel free to message me. I’m happy to share what we’re currently seeing in the market.