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NZ: Survey shows confidence in housing market growing

Posted on 30 May 2011

ASB says optimism in the housing market is growing. The bank’s Housing Confidence Survey showed 29% of respondents say now is a good time to buy a house, compared to 27% in January.
The survey also revealed a significant drop in the number of people who believe interest rates will rise. Chief economist Nick Tuffley says just over 35% of respondents now expect interest rates to rise this year, down from 55% in January……………………………………….Full Article: Source


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