Has anyone any idea at this early stage how long the parent category will take to process under the tier 1? We were ready to apply under the old system in July as our daughter would have been a resident for 3 years and therefore could sponsor us, but expected that it would then take 2 years before we got to the front of the queue.
Whilst our heart goes out to those who have been disadvantaged by these changes, the new policy should work in our favor as depending upon exchange rates and house prices we should just be able to meet the financial obligation - so long as you only need the $500,000 when you arrive in the country as we have a house to sell and also they allow you then to use the $500,000 towards a new house on arrival in NZ.