Australia Briefing

Rich Americans Eye New Zealand in Hopes It Will Ditch Home-Buying Ban

Lake Wakatipu and the snow-capped peaks seen from the Bobs Peak in Queenstown, New Zealand.
Photographer: Birgit Krippner/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Keira Wright

May 19, 2025 at 10:40 PM UTC

Good morning! It’s Keira here in Sydney. Here’s the latest news to start your Tuesday morning…

Today’s must-reads:
• Rich Americans eye New Zealand
• Pension sector growth
• Energy retailer apologises for carbon credits

Wealthy Americans eying New Zealand as a haven are hoping the government will soon relax a ban on house sales to foreigners following an overhaul of its golden visa program.