New research from ASB Bank has found a sharp drop in Kiwi opinions on whether it's a good time to buy a house. Most also expect house prices to keep climbing over the next year.
And it's not just Auckland - for the first time since 2014 people across every region think it's a bad time to buy a new house.
The bank's latest Housing Confidence report released this morning shows a sharp drop in confidence across the country, with a net 20 per cent thinking it is a bad time to buy.
This compares to the net 3 per cent last quarter who thought it was a bad time to buy, and it's the weakest housing sentiment result since early 2012.
Nationally, 13 per cent of respondents say it is a good time to buy a house, and 33 per cent say it is a bad time. This compares to 17 per cent and 20 per cent last quarter.
Sentiment is particularly low in Auckland, where a net 32 per cent think it is a bad time to buy.