Latest news with #NickTuffley
RNZ News
29-05-2025
- Business
- RNZ News
Housing confidence hits 14 year high, ASB survey shows
The survey indicates a net 28 percent of respondents believe it's a good time to buy a house, compared with 23 percent in the previous survey. Photo: RNZ / Nate McKinnon Housing confidence is at its highest level in 14 years according to an ASB survey. The survey for the three months ended in April indicates a net 28 percent of respondents believed it was a good time to buy a house , which compared with 23 percent in the previous survey. ASB chief economist Nick Tuffley said a combination of stable house prices, high listing levels and lower mortgage rates were likely to be driving confidence. He said the market appeared to be gradually turning a corner, helped by an increasing expectation mortgage rates were as low as they would go over the next 12 months. "Expectation for further interest rate cuts dropped again this quarter, with a net 48 percent of respondents expecting lower rates, down from 51 percent last quarter. "This likely reflects an understanding that we're nearing the end of the easing cycle, and rising concerns about resurgence of inflation this year due to global trade tensions and increasing import costs." Tuffley said concerns about global growth and job security meant the market was unlikely to heat up quickly. "While we're seeing encouraging signs in buyer sentiment, we're still in a tentative phase. "Recovery will be gradual, and we're mindful of lingering challenges such as global growth uncertainty and job security concerns." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
22-05-2025
- Business
- RNZ News
Midday Report Essentials for Thursday 22 May 2025
money sport 22 minutes ago In today's episode, we speak with ASB chief economist Nick Tuffley about what to expect in Budget 2025. We cross to Wellington issues reporter Nick James about a major Wellington City Council meeting looking at spending on big projects such as water infrastructure, Khandallah Pool and Begonia House. And we speak to a Christchurch principal involved in a discussion about an alternative First XV boys' rugby competition which spans the entire South Island, but would exclude co-ed schools.
RNZ News
22-05-2025
- Business
- RNZ News
Economist on what to expect from Budget 2025
economy politics 25 minutes ago Reporters and economists are going over the government's Budget which will be released publicly at 2 o'clock on Thursday afternoon. ASB Bank Chief economist Nick Tuffley spoke to Charlotte Cook.
