More New Zealanders are putting their faith back into the housing market.  

ASB's latest survey shows confidence has lifted sharply this quarter, with respondents who expect house prices to rise over the next year jumping from 17% to 30%. 

Chief Economist Nick Tuffley says it's a buyer's market and advises caution when it comes to banking on strengthening house prices. 

But he told Mike Hosking the affordability factor is quite good currently, with plenty of supply, reasonably stable prices, and debt servicing rates from banks remaining very low. 

LISTEN ABOVE  

More New Zealanders are putting their faith back into the housing market. &nbsp;
ASB's latest survey shows confidence has lifted sharply this quarter, with respondents who expect house prices to rise over the next year jumping from 17% to 30%.&nbsp;
Chief Economist Nick Tuffley says it's a buyer's market and advises caution when it comes to banking on strengthening house prices.&nbsp;
But he told Mike Hosking the affordability factor is quite good currently, with plenty of supply, reasonably stable prices, and debt servicing rates from banks remaining very low.&nbsp;
LISTEN ABOVE &nbsp;

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
&nbsp;

The SME Stream

Nick Tuffley: ASB Chief Economist on the rising confidence in the housing market

"As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina O'Keeffe each week as she gives you a rundown of the biggest stories that could impact your business, so you can make informed decisions with expert advice. 


This week, Tariff news is back on the agenda, so will it bring more economic wobbles? People are slowly opening up their wallets again at the checkout and why our Reserve Bank Governor expects AI to make us richer - plus how to turn an everyday idea into a profit-making business.

"As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina O'Keeffe each week as she gives you a rundown of the biggest stories that could impact your business, so you can make informed decisions with expert advice.&nbsp;
 This week,&nbsp;Tariff news is back on the agenda, so will it bring more economic wobbles? People are slowly opening up their wallets again at the checkout and why our Reserve Bank Governor expects AI to make us richer - plus how to turn an everyday idea into a profit-making business.

SME Stream Weekly Wrap - 27 February

Air New Zealand is fighting with one hand tied behind its back facing local costs its international competitors avoid. 

The national airline's announced a $40 million half-year loss. 

The new Chief Executive says airlines are a cyclical business, and New Zealand is disproportionately exposed to local inflation.  

Nikhil Ravishankar told Mike Hosking some of the other airlines making more money are the ones that have recently gone through a downturn. 

He says it's partly nature of the business, but there are also things we're exposed to locally that some of our competitors aren't. 

They’ve also been struggling with aircraft being grounded due to global engine issues, a slower than expected recovery, and rising costs. 

Ravishankar told Hosking he took on a business grappling with a post-Covid rebuild. 

He says up until now, they've been playing not to lose, but now they're building a business that can play to win.  

LISTEN ABOVE  

Air New Zealand is fighting with one hand tied behind its back facing local costs its international competitors avoid.&nbsp;
The national airline's announced a $40 million half-year loss.&nbsp;
The new Chief Executive says airlines are a cyclical business, and New Zealand is disproportionately exposed to local inflation. &nbsp;
Nikhil Ravishankar told Mike Hosking some of the other airlines making more money are the ones that have recently gone through a downturn.&nbsp;
He says it's partly nature of the business, but there are also things we're exposed to locally that some of our competitors aren't.&nbsp;
They&rsquo;ve also been struggling with aircraft being grounded due to global engine issues, a slower than expected recovery, and rising costs.&nbsp;
Ravishankar told Hosking he took on a business grappling with a post-Covid rebuild.&nbsp;
He says up until now, they've been playing not to lose, but now they're building a business that can play to win. &nbsp;
LISTEN ABOVE &nbsp;

Nikhil Ravishankar: Air New Zealand CEO on the company's $40 million half-year loss

Garth Bray joins Ryan to talk business with thanks to Forsyth Barr.

Garth Bray joins Ryan to talk business with thanks to Forsyth Barr.

Nick Tuffley: ASB Chief Economist on the rising confidence in the housing market

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