Housing Confidence: Buying sentiment edges higher
- Buying sentiment among New Zealanders continues to edge higher, with the proportion of respondents remaining positive about whether it is a good time to buy at a 14 year-high
- The high level of inventory, coupled with stabilised house prices and support from lower interest rates, suggests that buying sentiment will continue to improve in upcoming surveys
- There was a further drop in the proportion of respondents expecting interest rates to fall rather than rise, reflecting that we are nearing at the end of the current easing cycle and growing concerns about the potential for external influences to lift inflation
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Nick Tuffley
ASB Chief Economist
Since starting out in 1997 as an economist, it's fair to say Nick has seen a few hair-raising moments over the years, including the Asian Financial Crisis and the Global Financial Crisis.
One of Nick's strengths is his ability to communicate complex ideas in a readily understandable and entertaining way. He thrives on helping people understand the economic environment to help enrich the quality of their business or personal life. He’s proud to lead a team that has won two Forecast Accuracy Awards from Consensus Economics, and has a strong track record with their Official Cash Rate and dairy price forecasts.
Nick grew up in Christchurch and graduated with a Master of Commerce degree from the University of Canterbury. He learned his economic ropes at the Reserve Bank of New Zealand before a long stint as a Senior Economist at Westpac, and joined ASB as Chief Economist in 2007.
- Email: Nick