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The luxury housing market is gearing up for National to lift the foreign buyer ban for properties over $2 million, but Christopher Luxon faces staunch opposition from NZ First. Jonathan Milne reports.

Trans-Tasman disappointment.

Close, but so far no “baubles of office” for Winston Peters and NZ First. “We have done the impossible,” he told supporters on election night. But as the old saying goes, politics is the art of the possible.

Prime Minister-elect Chris Luxon started his day watching the All Blacks' World Cup win before turning his mind to forming the next New Zealand government.

While the tide well and truly went out on Labour on election night, there are still several factors complicating the formation of a National and ACT coalition government. Special votes are yet to be counted, with the official final result still three weeks away.

National will lead a new government, but it may be nigh Christmas before its precise shape become clear. Jonathan Milne reports on the promises made, and compromises still to be made...

When the critics and the media commentary mounted and the public opinion polls showed ebbing support, National's strategists doubled down, convinced the demand for change would prevail.

From winning a single-party majority in 2020, Labour’s vote has virtually halved in 2023. Pre-election polls appear to have under-estimated support for National, which on the provisional results can form a government with ACT and won’t need NZ First, despite those same polls pointing to a three-way split.

The big question is can National and Act speedily negotiate government formation without the spectre of a confidence without supply arrangement

Chris Luxon will become New Zealand's next prime minister as his centre-right National party wins the country's election.

Christopher Luxon says National and Act on track to lead New Zealand after Labour prime minister Chris Hipkins conceded election