Which way will the property market go now?

[Panda-NZ-]

Jacinda has a mandate to build houses so should focus on that (with a successful policy this time).
They don't have one yet for tax change.

[SBQ]

Jacinda has a mandate to build houses so should focus on that (with a successful policy this time).
They don't have one yet for tax change.

I do not believe increasing the supply of houses will change the direction of house prices going up. The cost of building materials has doubled in the past 10 years and from desperation, architects are left with building boring single story houses with the same kind of cladding and layouts. You know put the garage on the left or right side / rotate it 90deg, that kind of deal. There's no budget to improve the performance of the house such as heating and proper ventilation.