Housing Confidence Survey: Cautious cheer for buyers as Year of the Pig begins

  • House price expectations slipped slightly again in the three months to January, though respondents were still more bullish than they were 12 months ago in the aftermath of the 2017 election.    
  • Interest rate expectations continue to decline significantly, remaining at two-year lows.
  • For the first time in more than five years, a plurality think it’s a good time to buy – but only by a whisker.

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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.

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