Difference in opinion on property market

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.

Read More - Opens in a new window
Commenting is closed

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR limits slow down investors

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

Site by PHP Developer