Views on whether it is a good or a bad time to buy a house are the most optimistic since 2012.

House price expectations have partly recovered from lockdown depths.

Unsurprisingly, a greater proportion of respondents expect interest rates will fall further.

And the bank has reduced their house price expectation to a 3% fall (from 10-15% down). At some point soon they’ll have to give up on hoping prices fall and accept the reality that houses prices are rising and will continue to rise.

If house are rising now, with all of the Covid lockdown uncertainty, what will they do when a vaccine is developed?

John Kenel
Assured Property

Source: ASB

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