Auckland housing market

[winner69]

Looks like we will be OK ......64% of 118 who replied to the Expectations Survey
http://www.rbnz.govt.nz/statistics/tables/m14/

Extract -


Both one and two-year-ahead expectations of annual Consumers Price Index (CPI) inflation are little moved since last quarter. The one-year series increased from 2.03 to 2.08 percent on a mean basis. The median is unchanged at 2.00 percent.

Likewise, the two-year series barely moved this quarter, increasing from 2.33 percent to 2.36 percent. However, the median increased from 2.30 to 2.35 percent.

Respondents are also asked what they believe quarterly CPI inflation will be for the current and next quarters. A quarterly percentage increase of 0.47 percent is expected for the June 2014 quarter (0.54 percent last survey), and 0.59 percent for the September 2014 quarter. These expected quarterly increases imply annual inflation rates of 1.9 and 1.5 percent for the years to June 2014 and September 2014 respectively.

Also GDP expectations not that of a rock star economy, labour costs to go up, unemployment to fall, higher interest rates and a lower NZD. Can't be all that bad