One in ten Kiwi house hunters are holding off on buying in the hope that the property market will crash, a new survey has found. "After years of seeing record rates of house price increases, in some areas there have been signs of the market slowing down," said Canstar Blue general manager Jose George. This meant there are less likely to be further reductions in mortgage rates. Not so much a 'crash', more a levelling and we might see the odd bump in the road." Among "Gen Y", 43 per cent of movers were renters, up from 38 per cent in last year's survey.

Source: New Zealand Herald November 11, 2016 01:30 UTC