Rising property prices expected but buyers remain wary

People are in two minds about the housing market, the ASB Bank's quarterly survey of housing confidence has found.

Monday, October 7th 2002, 8:36AM

by The Landlord

On the one hand, they expect house prices to go up, especially in Auckland. That is usually a signal to buy.
On the other hand, responses to the question "Is this a good time to buy?" have weakened, again especially in Auckland, and are now at levels that would be considered low, the ASB chief economist, Anthony Byett, said.
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