New Zealanders have noticed a change in the housing market and expect house price growth to ease. ASB has released its latest survey of housing confidence, which shows expectations for house price growth at a five-and-a-half-year low. There, only a net 15 per cent of people expected house prices to lift, the lowest percentage in eight years. In the case of Auckland, this is the first time house prices have fallen since 2010," he said. He said there was a "tug-of-war" in the Auckland market in particular, because there was not enough building happening to keep pace with population growth.

Source: Stuff August 24, 2017 17:18 UTC