New Zealand's overall investor confidence has made its biggest jump in nearly two years on the back of the property boom, according to new figures.
Tuesday, October 28th 2003, 1:35AM
by The Landlord
A net 17% of respondents to the ASB Bank investor confidence survey expected better returns from investments in the coming year, up from a new 10% in the June quarter.
The rise in confidence for the three months ended September -the biggest increase since the first quarter in 2002- was also because of a more stable global environment and good returns from key world markets, the survey says.
New Zealand investors' preference for residential property remained well ahead of all other investment types, with a net 22% result seeing it as the best option compared with a net 21% in the previous quarter.
