A National-led government was elected last night, with National winning 45% of the vote (59 seats), ACT winning 3.7% (5 seats) and United Future winning 1 seat. The Labour-Green-Progressive block won just over 40% of the votes (52 seats), while the Maori party won 5 electorate seats. It's very hard to say what exactly the makeup of the new government would mean for interest rates, house prices and the economy. My initial guess is that the relatively strong showing by ACT may result in a tougher approach to cutting government spending and a more comprehensive look at changing the tax system towards a flatter, simpler structure. Your view?