A lull in business confidence, the fear of adverse risk due to change and a possible flight of property investors are some of the concerns raised by city leaders as the new government takes the reins.
Professionals McDowell Real Estate co-owner and principal Steve Lovegrove said he would wait, like others, with bated breath as there was a lot of talk about change and new policies.
Likely changes to the Reserve Bank Act after NZ First leader Winston Peters did not get his wish to implement a drastically different model based on the Singaporean model, could have an impact.
"I think it will be interesting to see the outcome in the investor market. Will investors take flight and get out of their investor properties or will they just bolt down for three years?
"They are either going to [take flight] or they will adapt to what suits their circumstances.''