Optimism running high with property investors

The annual ANZ Property Investor Survey (in association with the New Zealand Property
Investors Federation) released today shows that only 2% of the 453 respondents expect prices
to fall over the next year, with only 1% anticipating a price fall over the next five years.

The median price expectation over the year ahead is 5%, 7.5% for five years, and 10% over
the next decade.

“The results of our survey tell us that residential property investors are optimistic about
property prices and tend to have a long term hold ownership strategy,” says ANZ Chief
Economist Cameron Bagrie.

But he warns of clouds on the horizon.