Mortgage News

House price rise expectations dwindle

Monday 10th of May 2004
ASB Bank’s latest survey found a net 12% are expecting house prices will rise in the three months ended April, down from an average net 50% through 2003.

A net 58% expect interest rates will rise, up from 56% three months earlier.

ASB Bank chief economist Anthony Byett says the survey results are a reminder of the cyclical nature of housing.

He notes that the Reserve Bank has a...

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