ASB survey shows concerns about the economy are weighing on people's expectations for increases in house prices

Cote d'Azur

Agreed . . . but again, just reflecting the level of understanding of some posters on this site. :)

Try 78.5% expect interest rates to fall, and 62% expect house prices to rise if the choices are binary (remove those who are uncertain). 

Very short-sighted vision they have, what's the point of being wealthier in a poorer country?

At some point your money will stop protecting you from the woes of society (crime, collapsing health system, education, etc.).

It's OK, the Indians have pretty strong opinions about some of the local kiwis too.

That's the result of a policy pitfall though. They should be saying "bloody pollies".

The 3.9 million-strong Indian community has the highest median household income in the US among all migrant groups (100+ included in the group), even higher than American-born population. Indians are disproportionately represented in the high-earning professional category (CEs, doctors, surgeons, engineers, etc.).

Meanwhile, NZ is scraping the bottom of the barrel when it comes to most migrant groups, not just Indians, due to perverse policy settings that favour cheap labour for low-value businesses over higher skilled workers.

Many NZ Europeans who claim all New Zealanders are equal and Māori have no special status, also recoil at the suggestion that using this logic, they should have no greater say than a recent migrant from India on a resident visa. One day these same individuals will be a minority in New Zealand, and similarly have to bend to the will of people who were once recent migrants. National/ACT are importing their own voters. 

How about you answer the question instead of deflecting ?

I’ve heard a view that ex-USA, Trump’s policies could be deflationary globally, at least in the short term. China might need to dump a whole lot of stuff globally 

Isn't that what we are paying for now? During covid things should have gone bad. 

Instead we handed out free money and dropped interest rates s everyone felt rich and bought stuff. Driving up prices.  So we were all surprised that economic gravity was defeated.

Now.. we are working through the consequences of artificially created a boom on the end of a boom.. to stall the recession that should have happened.

Agree. However, emphasis on the word CURRENT.

Things can and do change quickly. Few people predicted the tearaway inflation- and hence steep hikes in interest rates - that occurred from 2021-2023. 

Who knows what might happen. The Ukraine war might spread into a wider war, with hyperinflation.

But yes, for now inflation looks defeated and interest rates will be heading south.

Everywhere except your rentals. You are the man! As you constantly have to remind us. 

Perhaps everyone is fleeing to Christchurch? Also, landlords often make this argument that if it wasn't for them there'd be a rental shortage. So more homeless I assume? Do you not think landlords are inflating prices forcing more people to have to rent in the first place? Easier on the conscience if you believe the former not the latter. Lastly, who are these tenants that don't complain about rent increases?