NZ homeowners stand out with ‘Buy my house, get a free Tesla’ offer | World News

A New Zealand homeowner wants to stand out from other sellers by offering homebuyers a free Tesla.

The house, a seven-bedroom, five-bathroom property, has reportedly been on the market for several weeks.

The owner made an offer for a new car in an attempt to sweeten the $1.8m (£928,000) deal.

New Zealand’s house prices fell the most in 30 years, falling 10.9% in October, the 11th consecutive month of decline.

“Rising mortgage rates continue to weigh on house prices and sales activity,” Kiwibank economists said in a note.

As a result, the owners of 22 Dungloe Avenue, Flat Bush had to cut their prices and do something to stand out from more than 400 other listings in the Auckland suburb, Barfoot & Thompson residential selling agent Kapil Rana told

He added that the price of the car was a “dividend” rather than adding market value.

After buying a property, new owners can choose the color of their car — five options for the Tesla Model Y — which can then be ordered and shipped directly from the manufacturer.

The house has room to park six cars and there is a granny flat on the ground floor, allowing the new owners to provide space for any extended family.

The all-new Tesla Model Y will come straight from the factory.Photo: Associated Press
The all-new Tesla Model Y will come straight from the factory.Photo: Associated Press

New Zealand house prices rose about 40% during the pandemic before peaking in November last year, a level the central bank has repeatedly described as unsustainable. However, if the central bank hikes the cash rate sharply and mortgage rates follow suit, prices can fall sharply.

Many economists expect house prices to still have room to fall further as cash rate forecasts move higher.

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