Is now a good time to buy a house?

  • The prospect of rising house prices and higher interest rates seems to be causing some people to rethink whether this is a good time to buy a house.

The ASB Housing Confidence Survey, released this morning, said housing market
activity had continued to a slow in New Zealand as a result of tighter lending standards imposed by the Reserve Bank.

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Rising house prices and higher interest rates are making people rethink buying property. Photo / Michael Craig