Kiwi remain confident about buying houses despite slowing market, bank survey says

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.