New Zealanders' confidence in housing market growth rises, despite economic uncertainties.

New Zealand's housing market confidence is on the rise, with a net 24% of respondents expecting house prices to increase, up from 13% last quarter, according to ASB's Housing Confidence Survey. A record 57% of respondents anticipate lower interest rates, the highest since the survey began in 1996. While optimism is growing, especially in Auckland, economists suggest it may take time for this to translate into a pronounced upswing in house prices due to concerns about rising unemployment and economic uncertainty.

November 25, 2024
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