Difference in opinion on property market

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Monday 8 November 2004

North Islanders, outside of Auckland, are less worried about the housing market than South Islanders, the ASB Bank's latest housing confidence survey shows.

By The Landlord

In the North Island, a net 6 per cent of survey respondents believe house prices will rise in the next 12 months. The net result is calculated from the difference between those who believe prices will rise in the next 12 months and those who do not believe prices will rise in that period.

In the South Island, mainlanders are a bit pessimistic. A net 3 per cent do not think prices will rise and a net 21 per cent do not think it's a good time to buy a house.

In the North Island, outside Auckland, people are fairly evenly split, with a net 1 per cent saying it's a good time to buy a house.

But in the city of sails, a net 8 per cent do not think it is a good time to buy and a net 15 per cent do not think prices will rise in the next year.

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