Feature article
Kiwi remain confident about buying houses despite slowing market, bank survey says
New Housing Confidence Survey, shows 26% of Kiwi think now is a good time to buy a home.
AI summary
The latest ASB Housing Confidence Survey shows Kiwis remain surprisingly upbeat about buying property, with 26% believing it's a good time to buy. This confidence, near a 14-year high, is supported by lower mortgage rates and stable prices.
However, expectations for further interest rate cuts and house price increases have softened. Buyer sentiment is mixed across the country, with Auckland seeing a notable drop in price-rise expectations. A gradual market recovery is anticipated due to ongoing economic uncertainty.
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ASB housing confidence survey findings
Kiwi are staying surprisingly upbeat about buying homes, even though the housing market has seemingly cooled down.
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