House Prices

Confidence soars to new high

Rising house prices and better fortunes in the sharemarket have pushed investor confidence to all-time highs, the ASB Bank says.

Wednesday, February 04th 2004

In its latest survey of investor confidence, out today, investor confidence was up 7 percentage points to 24 per cent, the highest point since the survey began six years ago. One in three people interviewed expected better returns on their investments in 2004 compared with 2003, it said.

"For over a year, rising house prices have buoyed investor confidence and this appears set to continue for at least the next few quarters of 2004," said James Mitchell, ASB Bank's head of relationship banking.

Wellington house prices were up 18 per cent in the past year, according to recent Real Estate Institute figures, with some markets such as Nelson, even stronger.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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