4 Jul 2009

Survey suggests increasing house-buyer confidence

8:25 am on 4 July 2009

A Quotable Value housing survey suggests there is increasing confidence in the residential property market.

QV's quarterly questionaire, to which 925 people replied, suggests a fall in the number of people who believe New Zealand house prices are still inflated.

Around half those who responded now believe prices will stay the same or even rise over the next year, and a third believe now is a good time to buy due to factors including robust property values and lower interest rates.

While property values remain the strongest consideration when buying and selling, interest rates and job security are also influential.