Poll shows property prices expected to keep rising

  • The number of people expecting price gains in the housing market is more than 50 per cent in the first quarter of the year, according to the ASB Housing Confidence Survey.

The survey indicates respondents believe the upward house price momentum has not yet ended.

And while confidence in further house price increases is below that of the peaks during 2014/2015, 59 per cent of respondents do expect higher house prices.

READ MORE VIA NZHERALD

POLL

ASB chief economist Nick Tuffley said the trend suggested the average house price around the country would rise again this year.

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