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Speaker 1: Paste which has mentioned this visa. It does. Gangbusters might

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Speaker 1: be too strong a word, but I mean in the

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Speaker 1: two weeks since the idea has been open to applications,

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Speaker 1: we've had forty four of them. That's applications. So these

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Speaker 1: are the people have got either five or ten million

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Speaker 1: to invest. If all of them turn up, that's a

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Speaker 1: quarter billion dollar proposition. We've had one hundred and thirty

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Speaker 1: six inquiries and as Zeriica quite rightly said, seventy five

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Speaker 1: percent of coming from North America. Lane Leave. Immigration expert

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Speaker 1: Mark Williams is with us on this Mark Morning. She says, gangbusters.

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Speaker 1: Is she right.

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Speaker 2: Right?

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Speaker 1: So this is a game changer.

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Speaker 2: Yeah, These refinements have just really hit the mark. So yeah,

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Speaker 2: we're seeing huge, huge volumes of interest in huge conversions.

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Speaker 1: Has she done anything or has this government done anything

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Speaker 1: that couldn't have easily been done previously? I mean, is

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Speaker 1: there a bit of magic here or is just a

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Speaker 1: bit of common sense?

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Speaker 2: I think well, I think a bit of both. Really,

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Speaker 2: what this government did is really consult very widely with

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Speaker 2: the private sector. You know, when they sort of shaping

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Speaker 2: up these changes, sort of have a greater understanding of

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Speaker 2: the market where the demand is internationally and then use

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Speaker 2: that in tail to shape up some policies that met

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Speaker 2: market expectations.

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Speaker 1: What do you make of the North America thing? Is

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Speaker 1: that Trump?

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Speaker 2: Well, I think in terms of the United States, yes,

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Speaker 2: there's certainly some termol there, there's economic insta building, but

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Speaker 2: it's not just the kind of States America. Any country

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Speaker 2: in the world where you've got instavidly uncertainty that tends

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Speaker 2: to drive greater interest in alternative countries like New Zealand.

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Speaker 1: Indeed does it? Will it work this time? Because the

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Speaker 1: criticism previously has been if you've got fible ten there's

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Speaker 1: plenty people in the world have got fible ten millioniar

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Speaker 1: park it somewhere useless just to get yourself some residency

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Speaker 1: or a house or whatever. Will this actually be put

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Speaker 1: to work and do something for the country.

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Speaker 2: It definitely will, because if you have an understanding of

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Speaker 2: the policy settings, between the growth settings and the balance,

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Speaker 2: the growth is really going into very productive areas of

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Speaker 2: the dealn' apartment, such as bench capital funds, early stage companies,

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Speaker 2: bricks and watar developments. And in all the applications that

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Speaker 2: then submitted, ninety percent of those have elected growth. So

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Speaker 2: that's more of the active policy, whereas balances more of

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Speaker 2: your sort of passive bond equity portfolio. So it's overwhelming

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Speaker 2: interest in the growth stuff.

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Speaker 1: I'm almost out of time. But do they need to

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Speaker 1: change the rules on buying a house? I mean, why

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Speaker 1: would I give you ten million bucks of account buy

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Speaker 1: a house for God's sake?

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Speaker 2: Yeah, I think it's sensible to look at that, and

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Speaker 2: I do hope there is changes there because you know

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Speaker 2: all the investors we're talking to, it's a topic that

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Speaker 2: they are interested in. If they're going to spend time

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Speaker 2: here actively invest in New Zealand's economy, then they would

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Speaker 2: like to have the privilege of owning a home. Given

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Speaker 2: the coport is relatively small and types of homes that

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Speaker 2: these people would be buying them, I'm hoping exemption will

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Speaker 2: come through for them.

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Speaker 1: Well, I hope so too. Mark. Appreciate your insight. Immigration

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Speaker 1: expert at Lane need Mark Williams with us this morning

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Speaker 1: talking to somebody who I can't name. The other day,

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Speaker 1: Peters is holding it up. It's on Peter's and he

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Speaker 1: needs to change his mind. Fourteen past seven. For more

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