Sentiment falls to seven-year low
A net 11% of all respondents nationwide see now as a bad time to buy a house.
A result of 0% would indicate an even split between those who think now is a bad time to buy and those who think it is a good time.
The sentiment is even more pronounced in Auckland. In the biggest city, a net 21% think it is a bad time to buy a house, compared to 10% in April.
ASB chief economist Nick Tuffley said: “Auckland continues to record stronger house price gains than anywhere else in the country while a lack of housing supply is likely causing frustration for buyers in both Auckland and Canterbury.”
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