Mortgage News

Boom takes a toll on confidence

Tuesday 14th of October 2003
ASB Bank’s latest survey shows only a net 2% of New Zealanders now think it’s a good time to buy a house. That’s made up of 35% who think this is a good time to buy almost cancelled out by the 33% who think it’s a bad time.

Nevertheless, ASB chief economist Anthony Byett doesn’t think this is signalling the end of the boom.

"People are acknowledging that house prices are now more expensive...

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