Investor confidence hits new highs
New Zealand investors are expecting the good times to continue, with more confidence in their investments than at any time since the ASB quarterly survey began in 1999.
Thursday, April 26th 2007, 8:44AM
by The Landlord
Overall investor confidence rose in the first quarter of 2007, up one point to a net 25%, the highest rating on record. This record level of investor confidence has built up over four consecutive quarters, from an historical low of just 9% in Q1 2006.The rise in confidence was fuelled by an increase in people who expected their investment returns to be better than last year, up four points to 36%. This result was also offsetting a slight increase in people who thought their returns would be worse than last year, which was up two points to 10%.
Residential rental property remains the highest ranked asset class, up slightly to a net 21%; however this result is still some way short of its record high of 25% back in 2000.
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