New Zealand's housing market confidence at two-year high, Aucklanders predict higher house prices, ASB economists forecast moderate growth due to high interest rates.
New Zealand's housing market confidence has reached its highest level in over two years, with 56% of Aucklanders expecting higher house prices. However, ASB economists predict more moderate growth than the 30% annual increase seen in 2020-21, due to high interest rates acting as market moderators. A recent survey showed only a net 15% of respondents expect further rate hikes, down from 28% in the previous three months.
March 06, 2024
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