Golf clubs with residences, such as Te Arai Links and The Hills, are also being teed up for more foreign buyers (some were previously available under specialist commercial and other exemptions). Te Arai Links is a 75-minute drive from Auckland, and The Hills a 20-minute drive from Queenstown. With the US dollar favourable against the NZ dollar, the developers behind the projects, Jim Rohrstaff of Legacy Partners and his business partner, American investor Ric Kayne, are hoping for interest from US buyers. Kayne, who was granted New Zealand residency in 2015, says: “As someone who went through the previous version of the Investor Resident Visa process in New Zealand, I’m thrilled to see that the government has created a sensible pathway for those looking to invest in New Zealand and purchase a home.”
