Sep 19 • 5M

Tuesday’s Chorus: Landlords lick their lips

Mortgage brokers report highest landlord interest since Jan 2021 in anticipation of National-ACT win; First home buyers can sense it too; FOMO rapidly replacing Fear of OverPaying (FOOP)

31
Upgrade to listen

Appears in this episode

Bernard Hickey
The latest daily snapshot of the news, detail, insight and analysis on geo-politics, the global economy, business, markets and the local political economy for citizens and decision-makers of Aotearoa-NZ.
Episode details
31 comments
Transcript
More investors are eyeing up the market, and first home buyers are feeling the FOMO again. Photo: Lynn Grieveson / The Kākā

TL;DR: Landlords are gearing up to jump back into the housing market as soon as a National-ACT Government is elected, expecting a swathe of repeals to tax rules that had made rental properties less profitable.

Independent economist Tony Alexander released his latest monthly Mortgage.co.nz survey results from mortgage brokers this morning, showing a surge in inquiries from rental property investors ahead of the election on October 14. Alexander said they were seeing strong population growth from migration, rent growth and a rise in residential land values, along with polls showing a higher chance of a change of Government.

Getting ready to rumble

Listen to this episode with a 7-day free trial

Subscribe to

The Kākā by Bernard Hickey
to listen to this episode and get 7 days of free access to the full post archives.