Confidence soars to new high
Rising house prices and better fortunes in the sharemarket have pushed investor confidence to all-time highs, the ASB Bank says.
Wednesday, February 4th 2004, 9:55PM
by The Landlord
"For over a year, rising house prices have buoyed investor confidence and this appears set to continue for at least the next few quarters of 2004," said James Mitchell, ASB Bank's head of relationship banking.
Wellington house prices were up 18 per cent in the past year, according to recent Real Estate Institute figures, with some markets such as Nelson, even stronger.
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