Photo Credit: Newshub
The housing market, along with the rest of the economy, is on tenterhooks to find out who will lead the next Government and what sort of policy changes can be extracted by ‘Kingmaker’ Winston Peters.
Home buyers and borrowers will need to keep an eye on whether those policy extractions include; sharply lower migration, a foreign buyers’ ban or stamp duty, massive new house building programmes, new subsidies for first home buyers, and a banking inquiry – all of which Peters has proposed.
Peters began preliminary negotiations to form a Government this week, speaking first to Bill English and his team for just 30 minutes on Thursday, before having an afternoon chat with Jacinda Ardern. The talks will begin in earnest on Saturday afternoon once the results of 322,697 special votes lodged in New Zealand are counted. These includes votes from young unenrolled voters who enrolled and voted at polling booths before election day. Over 1.2 million people voted early, almost double that seen in the last election.
Home buyers and borrowers will need to keep an eye on whether those policy extractions include; sharply lower migration, a foreign buyers’ ban or stamp duty, massive new house building programmes, new subsidies for first home buyers, and a banking inquiry – all of which Peters has proposed.
Peters began preliminary negotiations to form a Government this week, speaking first to Bill English and his team for just 30 minutes on Thursday, before having an afternoon chat with Jacinda Ardern. The talks will begin in earnest on Saturday afternoon once the results of 322,697 special votes lodged in New Zealand are counted. These includes votes from young unenrolled voters who enrolled and voted at polling booths before election day. Over 1.2 million people voted early, almost double that seen in the last election.
