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Ryan Bridge: Investment is about attractive offers · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: I've a couple of investment related revelations from the government
• 0:03
  Speaker 1: this week prove a couple of basic points about business.
• 0:07
  Speaker 1: One you've got to sell something that people want, and
• 0:10
  Speaker 1: two you've got to do it at a competitive price.
• 0:13
  Speaker 1: Take the Golden Visa numbers. The government's crowing about. This
• 0:16
  Speaker 1: is change's netting results. This is where we give residency
• 0:20
  Speaker 1: to wealthy foreigners and they're basically got to buy their
• 0:23
  Speaker 1: way in. In the three months since the government changed
• 0:26
  Speaker 1: the rules, we've had six hundred people apply via two
• 0:30
  Speaker 1: hundred applications. The old category had one hundred and sixteen
• 0:34
  Speaker 1: applications in two and a half years, so we've nearly
• 0:39
  Speaker 1: doubled the number in three months. So clearly loosening the rules,
• 0:43
  Speaker 1: allowing property and bonds to be included as investments, and
• 0:46
  Speaker 1: lowering the amount required has given this visa the rocket
• 0:50
  Speaker 1: up the JAXI that it needed. Half the applicants that
• 0:53
  Speaker 1: are American, So you've got a bunch of wealthy American
• 0:55
  Speaker 1: families fed up with trumpour on the hunt for a
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  Speaker 1: new bolt hole whatever, and suddenly our requirements are at
• 1:02
  Speaker 1: least as competitive or more competitive to similar options, and Huila,
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  Speaker 1: you get some wins. That's potentially eight hundred and forty
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  Speaker 1: five million dollars of investment for New Zealand. But what
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  Speaker 1: they're essentially buying is our lifestyle. They want a beautiful,
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  Speaker 1: safe place at the bottom of the world to call
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  Speaker 1: home or home away from home. The numbers Seamore revealed
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  Speaker 1: in his press conference yesterday on overseas investment show that
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  Speaker 1: while we've made that process more attractive for people, more competitive,
• 1:34
  Speaker 1: you've still got to have something worth selling at the
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  Speaker 1: end of the day, which in this case is an
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  Speaker 1: attractive investment. You can make it as easy and hassle
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  Speaker 1: free to invest here as you want, but if the
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  Speaker 1: opportunities aren't here, if the potential for wins aren't here,
• 1:49
  Speaker 1: the investment won't follow. Overseas investment decisions are now being
• 1:53
  Speaker 1: made twice as fast thanks to Seymour's intervention, but the
• 1:57
  Speaker 1: number of applications has gone down in the last year.
• 2:02
  Speaker 1: Why because the property market's gone capot Which is not
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  Speaker 1: to say the process shouldn't have been simplified, but it
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  Speaker 1: just goes to show if you want investment, you've got
• 2:12
  Speaker 1: to have something attractive on offer, and right now, the lifestyle,
• 2:17
  Speaker 1: the keiw lifestyle is what we've got going for us.
• 2:22
  Speaker 1: For more from Early Edition with Ryan Bridge, listen live
• 2:25
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• 2:28
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