Christchurch house buyers expecting big price rises 13 Feb 2012
- MARKET CLOSE: NZ shares rise as investors hunt yield Business
- Martin Doyle Cartoon: Valuable advertising supplement News
- NZ dollar falls as US, Aust economic data weighs Business
- Prime Time with Sean Plunkett: English v Parker News
- Reaction to Labour's housing policy Business
- Fonterra food safety practice still improving, says report Business
- Seeka offers kiwifruit growers share incentive for supply Business
- Labour-Greens closing on National in latest Roy Morgan poll Business
- Kordia turns to a loss in 2014 Business
- A fair deal for all seniors News
House price inflation expectations were greatest in Christchurch at the end of last year, according to an ACNielsen poll for ASB’s monthly Housing Confidence Index.
While a net 27 percent nationwide expect higher house prices in the year ahead, that number was a net 56 percent in Christchurch, where expectations of rising interest rates are also highest, at a net 55 percent.
However, the survey was taken before last month’s monetary policy update from the Reserve Bank, which indicated the official cash rate would remain at its historic low of 2.5 percent at least for all of 2012.
The ASB index showed a slight easing in residential real estate confidence, although the general trend of recent months is intact, the bank’s economists say. Auckland leads the way, with subdued listings pushing up prices for those houses that are being offered.
“The Auckland housing market remains tighter relative to other regions in New Zealand,” they say.
A net 40 percent of Aucklanders in December thought house prices would rise in the year ahead, and a net 18 percent thought it was a good time to buy a house. In Christchurch, a net 2 percent thought now was a bad time to buy.
Price expectations are more subdued in the North Island outside Auckland, with only a net 15 percent expecting higher prices in 2012, while a net 24 percent of South Islanders outside of Christchurch think they’ll be on the rise this year.
2 Sep 2014 News
New Zealand Government Hekia Parata 2 SEPTEMBER, 2014 Maori Battalion’s legacy to be preserved The history of the legendary... more
2 Sep 2014 News
New Zealand Government Amy Adams 2 SEPTEMBER, 2014 Govt funding for Northland, Auckland, Waikato freshwater project Environment ... more
2 Sep 2014 Business News
Article - BusinessDesk SFO charges MightyRiverPower engineer with $2 mln fraud By Paul McBeth Sept. 2 (BusinessDesk) - The ... more
1 Sep 2014 Business News
Article - BusinessDesk NZ terms of trade sets new 40-year high as cheaper imports offset falling exports Sept. 1... more
2 Sep 2014 Lifestyle
The Patriarch PRESS RELEASE: Crowdfunding sought for Lee Tamahori to return home and make second New Zealand film 2 SEPTEMBER... more
14 Aug 2014 Property
New Zealand house sales fell in July as winter cooled the appetite of house hunters while a drop in properties selling for $400,000... more
7 Aug 2014 Property
Aug. 7 (BusinessDesk) - New Zealand property values rose at the slowest annual pace in 13 months in July as rising interest rates,... more
20 Aug 2014 Migration
Statistics NZ puts out detailed data on different ethnic groups, down to the 108 people from the Isle of Man. Did you know there are... more
28 Aug 2014 Travel & Tourism
Aug. 28 (BusinessDesk) - Jetstar, the discount unit of Australian airline Qantas Airways, lost ground in New Zealand, while claiming... more
2 Sep 2014 Sport
Equestrian Sports New Zealand Vaulting and Showjumping take Centre Stage at WEG New Zealand representatives in vaulting and... more
2 Sep 2014 Netball
The Haier Pulse will once again face the reigning champions in the first round of the ANZ Championship, with a trip to Melbourne to... more
2 Sep 2014 Opinion
Opinion - Martin Doyle Martin Doyle cartoon: Wrong arm of the law more
1 Sep 2014 Opinion
Gordon Campbell on John Key’s ‘blame it on Judith’ strategy Right now, Prime Minister John Key seems intent... more
20 Aug 2014 People
We're expecting big things from Harman Grubisa, the new label from Auckland-based friends Madeleine Harman (right) and Jessica... more
22 Aug 2014 Recruitment
The loss of up to 100 jobs at Croxley stationery in Auckland is devastating news for their families and the local Avondale... more