Claims billionaire property buyers are already window shopping for the best in New Zealand real estate in response to National's plan to let more foreign buyers back into the market.
If it's in Government, National will let off-shore investors buy property over $2 million, with a 15% tax on the purchase price to fund it's so called "back pocket boost".
It estimates the new tax will bring in close to $3 billion over four years. But Labour says agreements with various countries mean 60 percent of buyers or more could be exempt from paying the premium.
Regardless of who's right, one top end agent reckons a queue's forming in anticipation.
Paterson Luxury specialises in the sale and marketing of luxury properties.
Owner Caleb Paterson speaks to Lisa Owen
