Investing becoming more popular
It found a net 45% of the respondents are confident that the economy will improve over the next year.
And the number thinking about buying an investment property is increasing, despite new rules making it harder for borrowers with a small deposit – 7.6% now are mulling an investment, from 4.8% before the Reserve Bank clamped down on mortgage lending.
A net 57.7% of survey respondents expect house prices to rise in their area over the coming year. Only 35 of 553 people polled expected local house prices to decline. But the average rise expected has dropped to 4.1% from 4.7% in October.
But Andrew King, of the NZ Property Investors Federation, cautioned against reading too much into the survey results.
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