Nick Tuffley: ASB chief economist on the outlook of the latest ASB Housing Confidence survey
Heather du Plessis-Allan Drive · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
A new survey by ASB indicates Kiwis aren't expecting house prices to pick up again anytime soon.
According to ASB's Housing Confidence survey, a net 13 percent of respondents believe house prices will go up - down more than 30 percent compared with last quarter.
A net 20 percent of respondents now expect lower interest rates and only a net 8 percent think now is a good time to buy.
ASB chief economist Nick Tuffley says falling interest rates haven't inspired confidence in sellers.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.