Most Kiwis think housing price fuse will keep burning

Mon, 30 Nov 2020

More than two-thirds of New Zealanders think the housing market will keep booming during the next year, according to ASB Bank’s housing confidence barometer for October.That's the highest number in the 24-year history of the survey and is also in line with the bank’s prognosis of a national increase of 8.4 percent on this year’s levels by the end of 2021. That will be underwritten by a chronic shortage of houses, less gloomy unemployment figures and the Reserve Bank’s seeming ‘green light’ for an elevated...

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