New Zealand’s love affair with property investing might be entering a new era. Economist Tony Alexander joined us to unpack what’s changed — from the end of decades-long falling interest rates, to shifting tax rules, tighter lending restrictions, and rising costs that are reshaping investor behaviour.

He explains why fewer everyday Kiwis may see property as the default path to wealth, and why first-home buyers are now driving a bigger share of the market.

This bite is a bonus from our episode ‘The end of the property era?’.

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