Cautious Optimism in New Zealand's Housing Market

Home buyers in New Zealand proceed cautiously amidst a subdued housing market. The government is implementing policy changes aimed at boosting long-term housing supply responsiveness. However, uncertainty remains as to when and how much the demand for new borrowing will increase.

Home buyers in New Zealand are treading cautiously due to a subdued housing market, according to the Reserve Bank of New Zealand.

Despite ongoing government policy changes meant to enhance long-term supply responsiveness, buyers remain wary.

Uncertainty persists around the timing and scale of increased demand for new borrowing.

(With inputs from agencies.)