Nick Goodall

And as a percentage, it's quite small, but the percentage in Queenstown is a lot higher, 1,000 properties of however many are there.

It's probably a lot more going to affect your market.

And I know that there are plenty of agents around

in Queenstown who are talking about, you know, the foreign buyer ban needs to change because they know that's a huge market for them.

So how strong has that conversation been?

Not just in the last week or two, but I think, you know, over the last couple of years as to what might happen in this area and now what the change might be now that's been opened up.

Yeah, no, I mean, it's hugely interesting, right?

And it's one of the reasons, I think, that we'll continue to see that resilient price in Queenstown.

And, you know, whenever we talk about the Queenstown market, we can't help but say, look, it's a market to its own.

Like, you cannot compare it to anywhere else in New Zealand.

Other than Auckland, which is our probably only true international city, Queenstown's probably the next one, right?

Like, that's where most other foreigners would know, is about Queenstown and New Zealand.

So I think that just makes it so unique in a way, like you say, it's so attractive to those foreign buyers out there.

And if they've got the ability to buy...

And like I said, the foreign buyer ban, of course, wasn't an RBNZ thing, but it was a government thing, you know, and that certainly changed the game for them.

But, you know, might not be there forever.

And obviously this Actor Investor Plus Visa too just changes things a little bit for some of that really high end of the market.

So it'll be interesting to see how that play out.

But let's move back up to the north to Dan.

So for Tauranga Investors,