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The cost of house-building in New Zealand is increasing at the slowest pace in almost three years due to high interest rates and economic uncertainty, which has led to a decrease in demand for new homes. Meanwhile, the upcoming election in New Zealand is being influenced by the legacy of Prime Minister Jacinda Ardern, whose Labour Party is at risk of losing power after being re-elected in a landslide three years ago. The Labour Party's rivals are flagging this potential shift in power. Additionally, the New Zealand Labour Party's support has seen a jump, while the New Zealand First party remains a potential kingmaker. The country is also experiencing a record inflow of migrants, which could prolong inflation pressures. The economy of New Zealand poses a challenge for the election victor, who will have to make decisions regarding defense spending. The main opposition National Party is currently in a prime position to win the election but would require the support of smaller parties to govern.
New Zealand’s main opposition National Party retained the prime position to win Saturday’s election, though it would require the support of smaller parties to govern, polls show https://t.co/W5KaubpYlB
New Zealand's economy poses challenge for election victor https://t.co/B0KGL9JrE8 https://t.co/47cLH0gzYr
New Zealand election winner will face defence spending decisions https://t.co/5bX8AmRCix https://t.co/gUPkjJuGOZ
New Zealand’s main opposition National Party retained the prime position to win Saturday’s election, though it would require the support of smaller parties to govern, polls show https://t.co/vIauvZTpy7
New Zealand is seeing a record inflow of migrants, adding to risks that inflation pressures may persist longer than the central bank expects https://t.co/sHejaG8XOJ
New Zealand is seeing a record inflow of migrants, adding to risks that inflation pressures may persist longer than the central bank expects https://t.co/vVdHuW4NGD
Ardern legacy hangs over New Zealand vote as rivals flag Three years after an unprecedented wave of support saw Jacinda Ardern’s Labour Party re-elected in a landslide, her party is on the brink of losing power in New Zealand https://t.co/y6gI41pLMD
Ardern legacy hangs over New Zealand vote as rivals flag Three years after an unprecedented wave of support saw Jacinda Ardern’s Labour Party re-elected in a landslide, her party is on the brink of losing power in New Zealand https://t.co/KCoQEmjADh
New Zealand Labour party support jumps, NZ First remains kingmaker https://t.co/cDx6Zz7FGY https://t.co/zla7w27YLA
New Zealand house-building costs are increasing at the slowest pace in almost three years as high interest rates and economic uncertainty curb demand for new homes https://t.co/NsgAY27rBJ
Ardern legacy hangs over New Zealand vote as rivals flag Three years after an unprecedented wave of support saw Jacinda Ardern’s Labour Party re-elected in a landslide, her party is on the brink of losing power in New Zealand https://t.co/VsWhvXu4kH
Ardern legacy hangs over New Zealand vote as rivals flag Three years after an unprecedented wave of support saw Jacinda Ardern’s Labour Party re-elected in a landslide, her party is on the brink of losing power in New Zealand https://t.co/S3CZc8MTIf
Ardern legacy hangs over New Zealand vote as rivals flag Three years after an unprecedented wave of support saw Jacinda Ardern’s Labour Party re-elected in a landslide, her party is on the brink of losing power in New Zealand https://t.co/zdphSCa2x9
New Zealand house-building costs are increasing at the slowest pace in almost three years as high interest rates and economic uncertainty curb demand for new homes https://t.co/tjz7BiSeyj