On 27 July I presented a Market Update webinar, with over 360 attendees. During the webinar I ran a poll asking if the attendees think we will have a change of government in the upcoming election
Note, the question was not “Do you want a change of government?”. It was simply asking if the people on the webinar expected Labour to lose the election and National (or a coalition with them) to win.
The results were overwhelming, with 92% expecting a change from being Labour led in 2023.
It is interesting to see that such a huge proportion of the people watching the webinar believe there will be a change of government (irrespective of which party they support).
Be careful of voting for minor parties
It is no secret that I am a National/Act supporter and that I think the Labour Government has been misguided with its tax policies and treatment of property investors, so I’m hoping this prediction is true. One of the points I made during the webinar, was to be careful for voting for minor parties. If they don’t get to the 5% threshold, your vote is thrown in the bin and effectively does not count. So be cautious of voting for a charismatic leader like Winston Peters, as charming as he is. If his party vote does not get to 5%, that effectively splits the vote on the right wing, wasting the votes.
More webinars in the Market Update Series
If you are interested in joining me on the rest of the webinar series (which runs over the next couple of months and includes updates on zoning & RMA, tax, finance, and the election) you can find out more and register here.
All the webinars will be recorded, and once edited, the videos will be found on our Tax & Property Videos page (where you will also find previous webinars we’ve held on property, tax, asset protection, finance and related topics – all free to view).
I would like to say thank you for the opportunity for allowing me to come to the property school at Gilligan Rowe + Associates. Im in my early stages of becoming a property investor in New Zealand and to able to come to the property school has enabled to me gain very valuable information and knowledge which will help me be successful in property investing. The property school itself is one like no other because there is so much value given and from experts that practise what they are teaching. This in property school was one of the main highlights because being able to meet experts through the property school was my first time and gave me more confidence in general about property investment. Having combined reading the books (Property 101, Tax structures 101) at home and attending property school, the breath of valuable information and knowledge I have attained is substantial. - Tesfalidet, December 2019
Investing in residential property?
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