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

According to the ASB Housing Confidence Survey, Kiwi buyer sentiment remains strong despite a muted market. 26% of New Zealanders believe it's a good time to buy, a figure near a 14-year high, supported by lower interest rates and stable prices.

However, expectations for further rate cuts and house price rises have softened. Confidence varies regionally, with Auckland seeing a notable drop in price optimism. A gradual recovery is expected due to headwinds like high inventory and weak demand.