Property Management

Boom takes a toll on confidence

The housing boom is taking its toll on housing confidence, pushing it to a record low in the September quarter.

Tuesday, October 14th 2003

ASB Bank’s latest survey shows only a net 2% of New Zealanders now think it’s a good time to buy a house. That’s made up of 35% who think this is a good time to buy almost cancelled out by the 33% who think it’s a bad time.

Nevertheless, ASB chief economist Anthony Byett doesn’t think this is signalling the end of the boom.

"People are acknowledging that house prices are now more expensive, but that alone will not stop the current housing boom," Byett says.

Read More - Opens in a new window

Cost of housing hits job market

Unity First Home Buyer special	3.95
SBS FirstHome Combo	3.99
TSB Special	4.49
SBS Bank Special	4.49
Co-operative Bank - First Home Special	4.49
ICBC	4.49
Unity Special	4.49
ASB Bank	4.59
ANZ Special	4.59
Westpac Special	4.59
Kiwibank Special	4.59

ICBC	4.89
Unity Special	4.89
BNZ - Std	4.89
Kiwibank Special	4.89
SBS Bank Special	4.89
Kainga Ora	4.95
China Construction Bank	4.95
TSB Special	5.09
ANZ Special	5.09
ASB Bank	5.09
Nelson Building Society	5.09

Westpac Special	5.59
ICBC	5.65
Kainga Ora	5.69
TSB Special	5.69
SBS Bank Special	5.69
AIA - Go Home Loans	5.69
ASB Bank	5.69
BNZ - Std	5.79
Co-operative Bank - Owner Occ	5.89
Kiwibank Special	5.89
China Construction Bank	5.99

SBS FirstHome Combo	3.29
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Standard	4.99
Co-operative Bank - Owner Occ	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank	5.75
Unity Standard	5.79
Unity Special	5.79

Property Management

Boom takes a toll on confidence

Next Article

Most Read

Top Mortgage Rates

More Stories

RBNZ expects slower house price growth in the current recovery

Queenstown not off the radar for first home buyers

Record levels of first home buyers taking out low deposit loans

Buyers sitting on the sidelines in best time to buy in a decade