NZ investor confidence on a high… again

Thursday 5 August 2004

Despite a third consecutive rise in interest rate to 6%, New Zealand investors continue to laugh in the face of the Reserve Bank as the latest ASB Bank survey shows investor confidence has rebound to near record levels in the second quarter of 2004.

By The Landlord

The survey showed 21% of investors surveyed believe investment returns will improve, compared to 19% of investors surveyed in the first quarter of 2004.

Confidence in residential rental property remained stable in the second quarter.

“This reflects the general sentiment that a lot of the surprise and volatility expected by investors has been priced into markets and investors believe the economy is in robust shape,” ASB head of relationship banking James Mitchell said.


"While factors like rising oil prices and the threat of terrorism are of concern to investors, the international equity markets have performed well, and New Zealand companies continue to report strong results.

"Although we have not seen the widespread fear of a residential property downturn realised, we are seeing the gap in confidence between residential rental property and other investment alternatives, such as managed funds and term deposits, slowly narrow,” he added.

Read More - Opens in a new window
Commenting is closed

Property News

Return to market form

There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.

House Prices

No stopping Capital price rises

There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.

Commercial

NZ proptech start-up scores major investor

Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.

Mortgages

LVR loosening likely - ANZ

LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.

Site by PHP Developer