Housing Confidence: More Kiwis spy a housing market turnaround

  • More and more Kiwis think house prices are past their lows and are set to increase
  • The proportion of respondents expecting further mortgage lifts is trending down, but few Kiwis expect much of a reduction any time soon – that’s the right call in our view
  • Kiwis are still relatively evenly split on whether or not it is a good time to buy: the risk of tipping into negative equity is lower than it was, but high interest rates make things a tricky business for many

Contact us

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.

Other reports