i see we're posting sound bites now......
all it says is home affordabiltiy is improving....... thats a long way from affordable.
the ratio of afforability is still way off from long term averages.
we are still in masive debt, and unemployment is rising.

having said that, my brother is a partner in a civil enginereering/ surveying co and he has mentioned that subdivisons are moving again.....
so some folks are hoping for an early worm.
but that is just the typical property speculation syndrome that kiwis suffer from.

my bet is the govt will have to step in at some stage.