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24 Jan 2021 12:47
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  •   Home > News > Business

    Housing is increasingly being seen as a 'one-way bet'

    Housing is increasingly being seen as a 'one-way bet'


    ASB's third quarter Housing Confidence survey shows confidence in the market continues to rise, and Kiwis continue to expect prices will climb.

    Senior economist Mike Jones says most respondents only see house prices as going up.

    But he warns that could see over-confidence from sellers in the market - which feeds into the pressure the Reserve Bank and Government face over slowing price gains.

    Jones says housing supply is a key issue ... and on the ground it's seeing packed open-homes and houses selling before auction.

    © 2021 Newstalk ZB, NZCity


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     Today's News

    Motoring:
    Rookie Kaleb Ngatoa has taken out pole position at the New Zealand Grand Prix 12:26

    Rugby:
    A former coach of the Springboks believes the chances of this year's tour by the British and Irish Lions proceeding as planned are minimal 12:26

    Motoring:
    State Highway One traffic will be detoured through the middle of Ngaruawahia from tonight, as overnight work continues on a stretch of the Waikato Expressway 12:26

    Motoring:
    The motorcyclist death toll is the highest it's been in 25 years, according to the latest Transport Agency figures 12:26

    Sailing:
    America's Cup challenger INEOS Team UK have decided against racing this afternoon's final round robin race versus Luna Rossa after clinching a berth in next month's Prada Cup final 11:56

    Law and Order:
    A Whangarei psychologist has had his registration cancelled after being found guilty of having sex with a vulnerable client 11:36

    Rugby League:
    Big Bash ladder leaders Perth are uncertain where a potential home final will be played as Covid-19 state border restrictions threaten to disrupt the competition 11:06

    Politics:
    National's telling the Government to pull the plug on its review of District Health Boards...before any more money gets wasted 10:26

    Business:
    A lottery jackpot of more than a billion US dollars has been struck...after growing steadily since September last year 9:26

    Environment:
    The US has returned to the Paris Agreement. What does this mean for climate change? 9:16


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