Residential property still picked as top performer

Traditionally residential property investment is the asset class which tops the ASB Investor Confidence survey as the one likely to provide the best returns.

It has remained in the top place in the latest survey and return expectations have stayed steady – with 19% of respondents picking it as the highest returning asset class.

This is despite rising interest rates, a cooler housing market and lower rental yields.

However, term deposits and bank savings accounts, which recorded big increases in recent surveys, have take a hit. They down four percent and one percent respectively.