PHOTO: Government policies are likely to weigh on the housing market this year, commentators believe.
Economists are warning of three major factors that could influence New Zealand’s housing market this year.
The foreign buyer ban, the possibility of the Government axing landlords’ tax deductions, and the introduction of a capital gains tax are all areas of concern for 2019, they say.
Economists at Westpac and ANZ both cite those three factors that could impact the sector and even the head of Auckland’s largest real estate agency is talking of the possibility of a “slight correction”.
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