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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
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The upcoming 7 November election could significantly impact property buyers and investors, according to economist Kelvin Davidson.

National plans to raise the income cap for First Home Loans, potentially helping more first-time buyers. A Labour win could see a capital gains tax introduced for investment properties.

One point of certainty is that rules around mortgage interest deductibility for rentals are set to remain unchanged. Buyers and investors should stay informed on how these potential changes could affect their plans.

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