Feature article
Kiwi remain confident about buying houses despite slowing market, bank survey says
New Housing Confidence Survey, shows 26% of Kiwi think now is a good time to buy a home.
AI summary
A recent ASB Housing Confidence Survey reveals Kiwi buyer sentiment remains strong, with 26% believing it's a good time to buy, a figure near a 14-year high. This optimism is driven by lower interest rates and stable house prices.
However, expectations for further rate cuts and price increases have softened. Confidence varies regionally, with Auckland seeing a drop in price expectations. A gradual market recovery is anticipated due to headwinds like weak demand and economic uncertainty.
FAST FACTS
ASB housing confidence survey findings
Kiwi are staying surprisingly upbeat about buying homes, even though the housing market has seemingly cooled down.
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