New Zealand property owners are trying to be different from other sellers by offering a Tesla free of charge to anyone who purchases their home.
According to reports, the house is a seven-bedroom, five bathroom property that has been on the market for several weeks.
To sweeten the deal, the owner offered to buy a new car.
New Zealand’s house prices fell 10.9% in October, their 11th consecutive month of falling. This is the largest drop in 30 year for these figures.
In a note, Kiwibank economists stated that “Rising mortgage interest rates continue to weigh upon house prices and sales activity.”
The owners of Flat Bush’s 22 Dungloe Avenue had to lower their price and stand out among the 400+ other listings in Auckland, Barfoot & Thompson residential agent Kapil Rana explained to Stuff.co.nz.
He said that the price of the car is not an increase in market value but a “bonus”.
The new owner will be able to choose the colour of the vehicle after purchasing it. There are five options for the Tesla Model Y, and the car will then go on order and shipped directly from the manufacturer.
The house can accommodate six cars and has a granny apartment on the bottom floor. This would give its new owners the space they need for extended families.
New Zealand’s house prices rose by 40% during the pandemic, before reaching a peak in November last year at levels that were repeatedly deemed unsustainable by the central bank. The central bank has increased the cash rate and mortgage rates aggressively, but prices have fallen sharply.
Many economists believe that house prices will continue to fall with the higher cash rate predicted to rise.