This week, Monday, 24 February, kicked off with a striking headline: “The number of New Zealanders expecting house prices to rise has returned to 2020 confidence levels.”
ASB’s latest Housing Confidence Survey for the three months ending December found that a net 33% of respondents expect house prices to rise, while a net 23% believe it is a good time to buy a house.
ASB Chief Economist Nick Tuffley commented that the results align with expectations for a slower pace of OCR cuts in 2025.
“Inflation is back under control, and the RBNZ has already cut the OCR considerably,” he said. “For those considering buying a home, there is a bit of a sweet spot at the moment—with interest rates continuing to fall, high levels of supply, and subdued house prices.”
At Goodwins, we have a strong pipeline of new listings set to hit the market, alongside a selection of high-quality properties currently available. If open home times don’t suit, we welcome private viewings with qualified buyers.
