Feature article

Election on 7 November: what it means for property

From First Home Loans to capital gains tax, here's what the election could change for buyers and investors.

Kelvin Davidson
Last updated: 6 October 2026 | 4 min read
AI

AI summary

The upcoming 7 November election could bring significant changes for property buyers and investors, even in a currently "subdued" market.

Key proposals to watch include:

- National: Raising the income cap for First Home Loans, potentially helping more first home buyers.

- Labour: A capital gains tax on investment properties remains a possibility.

Regardless of the outcome, mortgage interest tax rules are expected to remain unchanged. Broader economic factors like the OCR and cost of living will also continue to shape the market.

First home buyers: a bigger door to low-deposit loans?

Investors: capital gains tax is back on the table

One thing that won't change, either way

Investors have plenty on their plate already

Election promises are only part of the picture

So what does it mean for you?

Author

Kelvin Davidson Kelvin Davidson
Chief Property Economist, Cotality