House price expectations rose over the three months to July. All regions experienced an increase in price optimism although Aucklanders remain down-beat overall, with a net 3% still expecting prices to fall. House-buying sentiment also continued its trend improvement of the past few years. A net 9% of respondents now say it is a good time to buy a house. This is the most positive reading since January 2013. Mild improvements in affordability have no doubt been a driver. Wage growth has picked up alongside flat/falling house prices in Auckland and Canterbury
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