Housing Confidence: Expectations broadly up – particularly for interest rates
- Buying sentiment among New Zealanders has plateaued at high levels over the past year, with the proportion of respondents feeling positive about purchasing property sitting near its highest level since July 2011
- Home listings are at a decade-high and the market continues to favour buyers, a trend expected to persist for some time
- These conditions, alongside stable house prices, recent improvements in employment growth, and still-low mortgage rates, could support an uptick in market activity in the near term
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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