There’s more belief in the housing market.

ASB's latest Housing Confidence survey shows net 51% of people expect house prices to rise.

It's the highest reading since October 2021, before the start of the most recent housing market downturn.

Senior Economist Kim Mundy says last time expectations were at this level, annual house price growth was at almost 30%  - this time it's at 2.2%.

So, she says, while it doesn't necessarily point to a degree of house price growth, it does suggest house prices can lift over the coming year.

LISTEN ABOVE

There’s more belief in the housing market. 
ASB's latest Housing Confidence survey shows net 51% of people expect house prices to rise. 
It's the highest reading since October 2021, before the start of the most recent housing market downturn. 
Senior Economist Kim Mundy says last time expectations were at this level, annual house price growth was at almost 30%  - this time it's at 2.2%. 
So, she says, while it doesn't necessarily point to a degree of house price growth, it does suggest house prices can lift over the coming year. 
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.