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NZ: Housing outlook hits record high

Posted on 08 May 2013

Expectations of house price inflation have hit a record high in ASB’s quarterly survey, while the numbers who consider it a good time to buy a house continue to fall. In the bank’s latest survey, 63 per cent of respondents expected house prices to rise over the year ahead, up from 59 per cent three months ago and above the peak 10 years ago.
A seller’s market is also evident in the net balance who consider it a good time to buy, which has fallen to 8 per cent from 13 per cent in the previous survey………………………………………..Full Article: Source


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