PHOTO: MARTIN DE RUYTER/STUFF More than half of New Zealanders believed that house prices would increase over the coming year.
New Zealanders were feeling sharply more confident that house prices were going to continue to rise before coronavirus hit, research shows.
ASB has released its latest housing confidence survey covering the three months to January, which shows that 54 per cent of New Zealanders believed that house prices would increase over the coming year. That was up from 27 per cent in the previous quarter.
The recovery in Auckland confidence was even sharper, from 11 per cent to 42 per cent from one quarter to the next.
New Zealand’s house price growth was running at a rate of 7 per cent year-on-year in January.
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