New Zealanders are fast losing confidence in the housing market.
ASB's latest housing confidence survey shows house price expectations have fallen for the fifth quarter in a row to a six-year low.
A net 17 per cent of respondents expect higher house prices over the next year, compared to 32 per cent last quarter.
Auckland's expectations are even lower, at 9 per cent expecting increases.
from
http://www.stuff.co.nz/business/98673517/ASB-survey-shows-New-Zealanders-have-low-expectations-of-property-prices
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