Rental property tops with investors
The latest ASB Investor Confidence for the quarter ending June 30 shows that a net 22% of respondents expected rental property to provide them with the best returns.
Managed investments, which was the second favourite with investors, fell during the quarter to third place and was replaced by term deposits.
ASB Jonathan Beale says the results for rental property are consistent with the bank's Housing Survey, in which the Auckland region had by far the most optimistic outlook for house prices, confidence in rental property investment was strongest in the upper North Island.
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