The Government's plan to slash the public sector is having an adverse impact on Wellington's property market.
According to ANZ's latest property report, Wellington's housing market is lagging behind the rest of the country as people brace for job losses.
ANZ economist Andre Castaing says housing markets all over the nation are expected to go sideways within the next year.
"The housing market in Wellington- we would characterise that as having the potential to be a touch slower. However across the country, there's a range of things impacting house prices."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.