A proposed change to the age of eligibility for the pension and a plan to allow foreign buyers into the housing market for the priciest properties may be casualties of coalition talks between National and NZ First, economists say. Final election results on Friday confirmed that National and Act will require NZ First to form a government. Eaqub said a bigger question was around whether Peters would allow National to act on its plans to allow foreign buyers to purchase homes for more than $2 million, with a tax. NZ First was part of the Labour-led Government that banned the sale of existing homes to foreign buyers in 2018. He said it was “deeply unlikely” that NZ First would let foreign buyers in again.

Source: Stuff November 04, 2023 04:00 UTC