"Last time net house price expectations were at this level, annual price growth was at almost 30%," ASB Senior economist Kim Lundy said. The ASB survey was taken over the three months to end of January, making it a lagging market indicator. "Which suggests more people think a peak in rates might be just around the corner," ASB's report on the survey results said. "As for whether now is a good time to buy a property, New Zealanders appear to be firmly on the fence, with 51% of respondents saying it's neither a good nor bad time to buy. To start receiving them, register here (it's free) and when approved you can select any of our free email newsletters.

Source: New Zealand Herald March 07, 2024 06:32 UTC