New Zealand Expands AIP Visa Growth Category to Support Build to Rent

New Zealand's Immigration Minister Erica Stanford announced that the Active Investor Plus Growth category will soon allow investors to include Build to Rent developments in their overall investment. This change, set to take effect in December 2026, aims to attract experienced investors who can contribute to New Zealand's economy. The Growth category is focused on investment that supports business growth, innovation, and productivity. Housing Minister Chris Bishop emphasized the importance of Build to Rent in providing more long-term rental homes and giving renters more choice. The managed funds model will provide clear safeguards around who manages the investment and how developments are delivered. The minimum investment remains $5 million, and applicants must meet all relevant Active Investor Plus requirements. Build to Rent investment will only be available through approved managed funds, and direct investment in Build to Rent developments will not be available.