The last four months in politics has been like nothing we’ve seen this decade and has thrown up one almighty surprise that has implications for the housing market.
The new Government is set to try to restrict foreign buying and migration while ramping up supply of houses and apartments that cost less than $600,000.
New Zealand’s new Labour-New Zealand First coalition Government with Green support was sworn in last week and held its first cabinet meeting on Tuesday. As recently as early October, most gamblers had their money on National returning for a fourth term with the support of New Zealand First. The result on election night looked more like a victory for Bill English than anyone else. As recently as early June the National Government looked to be a shoe-in for a record fourth term under MMP.
The new Government is set to try to restrict foreign buying and migration while ramping up supply of houses and apartments that cost less than $600,000.
New Zealand’s new Labour-New Zealand First coalition Government with Green support was sworn in last week and held its first cabinet meeting on Tuesday. As recently as early October, most gamblers had their money on National returning for a fourth term with the support of New Zealand First. The result on election night looked more like a victory for Bill English than anyone else. As recently as early June the National Government looked to be a shoe-in for a record fourth term under MMP.
