· Surveyed house price expectations have
hit a fresh high this quarter.
· Buyer expectations
have turned negative with a net 8% saying it was a bad time
to buy.
· The rate of house price growth is expected
to level out somewhat in the coming year.
Less than a
year on from widespread predictions of a drop in house
prices, the latest ASB Housing Confidence Survey shows
expectations for price rises are at record high levels, a
marked sentiment change.
The most recent survey, which
covers the three months ended January, shows a net 73
percent of respondents thought house prices would continue
to rise in the coming 12 months – the highest in the
Press Release – ASB Northland climbs seven spots to take top place Rural New Zealand dominates this quarter with Bay of Plenty and Waikato rounding out the top three The North Island is still the place to be as the South Island trails Taranaki dropped eight spots, …
Northland climbs seven spots to take top place
Rural New Zealand dominates this quarter with Bay of Plenty and Waikato rounding out the top three
The North Island is still the place to be as the South Island trails
Taranaki dropped eight spots, slipping from fourth to 12th after a mediocre quarter
The winterless North takes the lead
Friday, 18 December 2020, 8:59 am
Northland climbs seven spots to take top
place
Rural New Zealand dominates this quarter with
Bay of Plenty and Waikato rounding out the top
three
The North Island is still the place to be as
the South Island trails
Taranaki dropped eight
spots, slipping from fourth to 12th after a mediocre
quarter
The winterless North takes the
lead
A strong performance from Northland this quarter
has seen the region shoot up seven spots to take the lead in
ASB’s quarterly Regional Economic Scoreboard.
ASB
senior economist Chris Tennent-Brown says, “It’s an
impressive performance given the region would have been more
Press Release – ASB
Northland climbs seven spots to take top place
Rural New Zealand dominates this quarter with Bay of Plenty and Waikato rounding out the top three
The North Island is still the place to be as the South Island trails
Taranaki dropped eight spots, slipping from fourth to 12th after a mediocre quarter
The winterless North takes the lead
A strong performance from Northland this quarter has seen the region shoot up seven spots to take the lead in ASB’s quarterly Regional Economic Scoreboard.
ASB senior economist Chris Tennent-Brown says, “It’s an impressive performance given the region would have been more exposed than most to Auckland’s move to COVID Alert Level 3 in August,” although he notes the figures reflect year-on-year growth and the recovery from a tough 2019 will be helping boost Northland’s rankings.