Latest / The Kākā by Bernard Hickey
House prices primed to surge 10-20% if National wins
TL;DR: There are increasing signs in economists’ forecasts, auction clearance rates, migration rates, divergent tax policies and house building rates that a clear victory for National/ACT in the October 14 election could unleash an immediate 10-20% bounce in house prices in auctions and open homes in late October and November.
A similar thing happened in the wake of the mid-September 2014 election, when investors celebrated the death of Labour’s Capital Gains Tax proposal after then-National leader John Key trounced then-Labour Leader David Cunliffe in debates over Labour’s CGT plan. See more…
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