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Speaker 1: I've a couple of investment related revelations from the government

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Speaker 1: this week prove a couple of basic points about business.

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Speaker 1: One you've got to sell something that people want, and

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Speaker 1: two you've got to do it at a competitive price.

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Speaker 1: Take the Golden Visa numbers. The government's crowing about. This

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Speaker 1: is change's netting results. This is where we give residency

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Speaker 1: to wealthy foreigners and they're basically got to buy their

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Speaker 1: way in. In the three months since the government changed

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Speaker 1: the rules, we've had six hundred people apply via two

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Speaker 1: hundred applications. The old category had one hundred and sixteen

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Speaker 1: applications in two and a half years, so we've nearly

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Speaker 1: doubled the number in three months. So clearly loosening the rules,

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Speaker 1: allowing property and bonds to be included as investments, and

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Speaker 1: lowering the amount required has given this visa the rocket

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Speaker 1: up the JAXI that it needed. Half the applicants that

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Speaker 1: are American, So you've got a bunch of wealthy American

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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

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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,

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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,

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Speaker 1: the investment won't follow. Overseas investment decisions are now being

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Speaker 1: made twice as fast thanks to Seymour's intervention, but the

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Speaker 1: number of applications has gone down in the last year.

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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

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Speaker 1: to have something attractive on offer, and right now, the lifestyle,

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Speaker 1: the keiw lifestyle is what we've got going for us.

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Speaker 1: For more from Early Edition with Ryan Bridge, listen live

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