Investors remain confident in September quarter: ASB

Tuesday 19 October 2004

Investors remain optimistic the good times will keep on rolling and confidence in the September quarter remained high, according to the latest ASB Bank Investor Confidence Survey released today.

By The Landlord

The survey showed confidence remained over a net 20% for the second consecutive quarter, the first time it has stayed above the 20% mark for more than one quarter.

Overall confidence remained unchanged from the previous quarter at 21%.

The bank said in a commentary that confidence levels have only passed the current net 21% level once in the past 10 years. That was in the last quarter of 2003, when investor confidence peaked at a net 24%.

ASB said the level of confidence was encouraging given the high returns to investors across a range of asset classes over the past 12 months, which would normally curb short-term expectations.


Read More - Opens in a new window
Commenting is closed

Property News

Auckland sees highest sales since 2015

The SuperCity turned in its strongest housing sales performance in a July for five years last month, new data from Auckland’s biggest real estate agency reveals.

Commercial

Augusta Capital takeover bid now unconditional

ASX-listed Centuria Capital has declared that its takeover of New Zealand property funds manager Augusta Capital is now unconditional, as it has secured nearly 66% of Augusta’s shares.

Mortgages

ANZ eases servicing test

ANZ has become the latest bank to ease its servicing test criteria for borrowers, reflecting the lower interest rate environment.

Site by PHP Developer