Source: Save the Children
Save the Children – Israeli military raids in the West Bank force entire communities into lockdown, keeping children out of school
Source: Save the Children
ASB Survey: Easing cycle sparks 15-year high in housing confidence
- On net, nearly one-third of respondents say now is a good time to buy property, the strongest result since 2010
- Majority anticipate further drops in mortgage rates, but house price expectations remain modest
- Great time for buyers, with lower interest rates and strong housing supply.
Confidence in the New Zealand housing market has risen to its highest level in 15 years, according to the latest ASB Housing Confidence Survey. The survey shows a net 28% of respondents believe now is a good time to buy property, buoyed by the Reserve Bank’s recent cuts to the Official Cash Rate and competitive mortgage rates.
ASB Chief Economist Nick Tuffley says the market is in a “pre-economic recovery sweet spot”, with lower interest rates and an increase in property listings, giving buyers more choice and confidence.
“We’re seeing a unique window of opportunity for buyers – low borrowing costs and high housing supply are creating conditions we haven’t seen in over a decade,” Nick says.
“However, with the Reserve Bank hinting we could be at the end of the easing cycle, the current environment won’t last forever. Buyers who have been waiting on the sidelines may find now is the time to act.”
More than half of respondents (54%) expect home loan rates to fall further, up from 47% last quarter, while relatively few (10%) expect rates to rise. However, house price expectations remain subdued, with just a net 17% of respondents expecting prices to rise over the next year as high inventory continues to weigh on the market.
Nick adds: “We expect house prices to lift gradually as the economy recovers, but the days of double-digit growth are behind us. For now, buyers have the advantage – and that’s a rare position in New Zealand’s housing market.”
The latest ASB Housing Confidence Survey, along with other recent ASB reports covering a range of commentary, can be accessed at the ASB Economic Insights page: https://www.asb.co.nz/documents/economic-insights.html
Results at a glance
Note: net percent is calculated as the percentage of “yes” or “up responses minus the percentage of “no” or “down responses. The ASB Housing Confidence Survey has been conducted quarterly since July 1996. Respondents are asked about their expectations for house prices and interest rates over the next 12 months, and whether it is a good time to buy a property.
Employment indicators: October 2025 – Stats NZ information release
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Health New Zealand’s fixing bid fails – Medical Specialists
Source: Association of Salaried Medical Specialists
Northland News – Awanui flood scheme progress celebrated
Source: Northland Regional Council
Employment Disputes – Fire and Emergency received calls to 18 incidents during today’s strike
Source: Fire and Emergency New Zealand
- Fire and Emergency New Zealand and the New Zealand Professional Firefighters Union have been negotiating a collective employment agreement for paid firefighters since 16 July 2024.
- Fire and Emergency’s recent offer amounts to a 6.2 percent increase over three years and compares favourably with equivalent public sector agreements.
- Fire and Emergency considers the offer is sustainable, balances cost of living pressures being faced by individuals alongside fiscal pressures faced by Fire and Emergency and is consistent with the Government Workforce Policy Statement.
- The previous 2022 collective employment agreement settlement provided a cumulative wage increase of up to 24 percent over a three-year period for paid firefighters.
- Fire and Emergency has also been investing in replacing our fleet, with 317 trucks replaced since 2017 and another 78 on order. We are currently spending over $20 million per year on replacement trucks. There is also a significant programme of station upgrades underway, as well as investment in training.
- For the 2025/26 financial year, Fire and Emergency’s operating budget is $857.9 million. Of that operating budget, 59 percent will be spent directly on the frontline, while another 32 percent is spent on frontline enablers. This means that over 90 percent of Fire and Emergency’s budget is spent on the frontline and the people directly supporting the frontline.


