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What are the restrictions on what residential property investments qualify as an acceptable investment in the New Zealand Investor 1 (Plus) program?

I have heard that there are several requirements that the residential property must meet in order to be considered an acceptable investment.

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    Marcel Booiman

    New Zealand Immigration Adviser
    Answered on

    There are indeed restrictions on investments in residential property: (1) The investment must be in new developments (not a renovation or an extension of existing buildings); (2) The development must have been approved and gained any required consents by any relevant regulatory authorities. If they have not been approved, proof that the consents already have been requested; (3) The goal of the investment/development must be a commercial return on the open market; (4) The property must not be intended for family, relatives, associates, etc. of the applicant.

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