Property market on hold as Kiwis wait for election outcome

The New Zealand property market is in a ‘wait and see’ mode, as negotiations start in earnest to determine the shape of the government for the next parliamentary term, says spokesperson Vanessa Taylor.

Real time statistics from show that September new listings, total stock and demand are all down across the country.

“Home ownership has been a hot topic leading up to these elections and people have adopted a wait-and-see position,” she says.

Across the nation, new property listings for the month of September fell 11.8 per cent to 9,283 when compared to September 2016.


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