The NZ sharemarket lifted today as Fletcher Building announced it had received inquiries from parties interested in buying its businesses.

The S&P/NZX 50 Index closed up 0.33% or 41.51 points, rising to 12,605.93, with 39,702,689 shares changing hands to the value of $139.77 million.

Milford Asset Management's Sam Trethewey explains further.

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There are fears Finance Minister Nicola Willis is opening a can of worms by potentially allowing young farmers to dip into their KiwiSavers to buy farms.

She explained she was seeking advice from the IRD on the matter, which is yet to be considered by Cabinet.

NZ Herald Wellington business editor Jenee Tibshraeny weighed in on the debate.

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An open letter has been written to the Prime Minister urging Luxon to ease the ban on foreign house buyers.

This letter comes after multiple NBR Rich Listers told NBR that making it easier for foreign investors to buy homes here would make New Zealand a better place to do business.

Luxury property real estate agent Anthony Morsinkhof provided the open letter - and he says he has clients looking to invest in New Zealand.

"I've got clients there that want to invest into big land developments for residential houses, I've got a biotech company that wants to come to New Zealand - I've got a lot of different sorts of people who want to invest here in New Zealand and they want to buy properties."

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