Investors lose confidence in rental property
The latest ASB Investor Confidence survey shows that rental property remains the category investors are most confident about in terms of providing the best returns.
However, in the March quarter it fell three points. That is 19% of respondents picked it as the best returning asset class, compared to 22% in the previous quarter.
Its closes competitor is bank term deposits which rose two points from 14% to 16%. This means the gap between the two narrowed from 8 points to just three.
ASB head of investment services Jonathan Beale says rental property has been the “super star of the survey” over the years, outshining all the other assets.
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