Housing market confidence growing

Optimism about house prices has improved among New Zealanders across all regions, although Aucklanders were noticeably less positive, according to ASB’s latest Housing Confidence Survey.

A net 20% of respondents nationwide now believe house prices will increase but in Auckland the sentiment remains damp with a net 3% expecting prices to fall.

At the same time the survey, which covers the three months to July 2019, reveals that a net 9% of respondents think now is a good time to buy a house. That’s the highest level since January 2013.

It seems Auckland and Canterbury are the most positive here, with 13% of respondents in Auckland and 18% of respondents in Canterbury saying now is a good time to buy.