New Zealand Market Research Finds Growing Numbers of People No Longer Think Now is the Right Time to Buy a House

About The Authors

28th August 2013 16:36 - Housing

According to the latest ASB Housing Confidence Survey, there has been a marked downturn in the number of people picking now as a good time to buy a house. The survey shows that a fifth (21%) – of respondents thought now was a good time to buy a house – whilst the same proportion said now was a bad time to buy.  This leaving a net 0% of respondents picking now as a good time to buy, down from a tenth (8%) in April and (13%) in January 2013.

Two fifths (42%) reported it was neither a good nor bad time to buy, while one in ten (16%) didn’t know.

In Auckland, the numbers of people picking this as a bad time to buy a house continued to surge. In the latest survey a net 15% of respondents said it was a bad time, up from a tenth (10%) in April and 1% in January.

The number expecting increasing housing prices dropped from a record two thirds (63%) in April, to just over half (56%). However, ASB says this is likely a result of change in survey provider and “slight methodology differences.”

ASB Chief Economist Nick Tuffley and Senior Economist Jane Turner, said:

"...Fundamentals, such as income and population growth and relatively low interest rates, will continue to support housing demand over the coming year".

Sign up for free insights from your sector…

Support Us...

We hope that you have found this article useful. This section is freely available for all to use. Please help support it by liking us or following us on our social media platforms:

Share this article...

For updated Housing insights please follow us on @DJS_Housing or use our RSS feed

Other Housing Research Findings

Other Latest Market Research Insights

© DJS Research 2021