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Rental property seen as second-best investment type

The popularity of rental property as an investment took a dip in Auckland, bucking the nationwide trend, though it still remains Kiwi’s second favourite type of investment, according to the latest ASB Investor Confidence Survey.

Tuesday, August 16th 2011, 12:00AM 1 Comment

by The Landlord

The survey found investors view rental property as the second best value investment behind term deposits, up one point to 16%.

Outside of Auckland rental property climbed three points to 16%, however within Auckland the popularity of rental property fell from 19% to 14%.

"This could be due to changes to tax on property investments announced in Budget 2010, which came into force on April 1, 2011," said ASB head of private banking and wealth management, Jonathan Beale.

The survey found term deposits remain the favoured investment vehicle, up two points with 21% of investors believing they offer the best value of all investment types.

Term deposits were followed by rental property, bank savings (steady at 12%), KiwiSaver/managed investments/unit trusts/ superannuation (9%) and shares (8%).

Overall investor confidence continued to decline over the three months to June, falling seven points to a net 3%, with an almost even split between those expecting better or worse investment returns.

"The strengthening local economy could create more optimism among investors in the coming months," said Beale.

"However the recent uncertainty around US and Europe and the impact of these issues here in New Zealand, may mean that investors continue to look to perceived safer investment options."

« City Bay a riser while Devonport sinksMore Christchurch properties red zoned »

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Comments from our readers

On 16 August 2011 at 7:45 pm John said:
With the government continually changing kiwisaver it is no wonder confidence is falling in it
Commenting is closed

 

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Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 4.05 4.49
ANZ Special - 3.55 3.55 3.99
ASB Bank 5.20 3.89 4.05 4.39
ASB Bank Special - 3.39 3.55 3.89
BNZ - Classic - 3.49 3.55 3.89
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 ▼4.65 ▼4.80 -
HSBC Premier 5.24 3.54 3.54 3.69
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 3.97 4.05 4.39
Kiwibank ▼5.15 4.20 4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.45 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
Lender Flt 1yr 2yr 3yr
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 ▼4.45 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.39 ▲3.55 3.89
Sovereign 5.30 3.89 4.05 4.39
Sovereign Special - 3.39 3.55 3.89
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.19 4.35 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.39 3.55 3.89
Wairarapa Building Society ▼5.50 ▼3.95 ▼4.05 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.39 3.55 3.99
Median 5.34 3.97 4.05 4.39

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