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Property demand picks up following 'blue wave' election result

Author
Newstalk ZB,
Publish Date
Wed, 18 Oct 2023, 4:49pm
(Photo / NZ Herald)
(Photo / NZ Herald)

Property demand picks up following 'blue wave' election result

Author
Newstalk ZB,
Publish Date
Wed, 18 Oct 2023, 4:49pm

The election result looks to have lit a fire under the property market.

Real estate agents in Wellington say business has picked up since the 'blue wave' crashed through.

National and ACT have both promised to phase in interest deductibility for landlords and make it easier for banks to lend money.

City Sales sales manager Scott Dunn says people saw a change of Government coming.

He says Auckland's market picked up about three weeks ago.

"Our change happened about two or three weeks ago, we've had to double our auction offerings from the demand. From here until the end of the year, it's very, very busy."

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