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
The latest ASB Housing Confidence Survey reveals Kiwi buyer sentiment remains strong, with 26% feeling 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, the market is constrained by weak demand, high inventory, and economic uncertainty. Expectations for further rate cuts and price rises have softened, with Auckland seeing the largest drop in price confidence. The market presents opportunities, but a sharp rebound is unlikely.
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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