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)
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