HOT TOPICS:   OCR  |  Mortgages   | NZ$                                                                        RESOURCES:    Economic calendar   |   Farms for sale

The comment stream

Reader poll

In your opinion, what's the last thing someone should borrow money to pay for?

Choices

Housing confidence

Up go the houses

Near record numbers of people expect house price rises, but more reckon now is not a good time to buy, according to ASB survey

ASB housing confidence survey

Housing price expectations approach record level in latest ASB housing confidence survey; most buyers think interest rates will stay low for a long time

'House prices to rise at moderate rate': survey

House price expectations jump in face of low rates: ASB's Housing Confidence Survey

Chch home buyers expect big price rises

House price expectations subdued outside of Auckland and Christchurch, ASB survey shows

Only net 8% see higher house prices

ASB survey shows house buying confidence slips in October quarter as price expectations slump

Video: Housing confidence improves

House buyers see glimmer of

The ASB Bank has released its housing confidence survey for July, and this suggests "a greater proportion of people see now as a good time to buy". The "good time to buy" opinion rose from -9% in the three months to April, to +9% in the three months to July. But this same survey showed even more clearly that New Zealanders expect prices to keep falling. An overwhelming 56% of respondents expected prices to fall from here, the weakest reading in this survey by a substantial margin. The survey began in 1996. 64% expect lower prices, while only 8% thought prices would rise, and the difference between these two gives the net index reading.