Property

Real estate confidence stable

More than two thirds of consumers are confident that New Zealand residential real estate prices will rise or remain the same in the coming six months, according to a survey released on 30 October by allrealestate.co.nz.

Friday, November 03rd 2006

Just under quarter of consumers believe average real estate prices will fall.

The survey was conducted during the week of 16 October 2006. A total of 429 consumers responded to it.

Survey respondents were asked, “In your opinion, over the next six months, how will the New Zealand residential real estate market behave?”

Forty-three per cent responded, “Average prices will rise,” 35% responded, “Average prices will remain the same,” and 22% responded, “Average prices will fall”.

“The survey paints a picture of a relatively stable market in which risk and opportunity are well balanced,” said Shaun Di Gregorio, general manager of allrealestate.co.nz. “I think buyers, sellers and agents will find the numbers reassuring.”

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SBS FirstHome Combo	6.74
Heartland Bank - Online	6.89
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	6.55
SBS Bank Special	6.69
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
ASB Bank	6.75
Unity	6.79
Co-operative Bank - Owner Occ	6.79

SBS Bank Special	6.19
ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
SBS Bank	6.79

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