Press Release – ASB
Surveyed house price expectations have wobbled but remain high despite government policy changes.
Buyer sentiment has turned more negative with a net 21% saying it is a bad time to buy.
The rate of house price growth is expected to slow over the second half of this year.
Changes in government housing policy announced in March have dampened Kiwis’ house price expectations only a little, according to the latest ASB Housing Confidence Survey. A net 64% of respondents say they expect house prices to continue climbing in the coming 12 months, down from last quarter’s record 73%, but still the third highest result in the survey’s 25-year history.