Investor confidence in residential property is still the highest compared to other forms of investment, a survey shows.

The Maori Party suggested at a recent conference that NZ Superannuation should be paid to Maori from age 60 because they have a shorter life expectency than many other New Zealanders. Finance Minister Michael Cullen was asked about this in Parliament and this is his reply.

Sydney

Finance minister Michael Cullen has reaffirmed that the government has no plans to introduce a new form of property tax.

Finance minister Michael Cullen has reaffirmed that the government has no plans to introduce a new form of property tax.

Money Managers has added a new trust to its FiRST STEP range that is designed for rate driven, fixed term investors. In that sense it competes with offers such as bank term deposits.

Christchurch

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Regional Highlights (The Real Estate Institute of New Zealand’s analysis of the real estate market for May, 2005.)

Investors still consider residential property is the asset which is likely to give them their best returns, well ahead of bank saving accounts and term deposits, managed funds and shares.

Investor confidence falls. BNZ selling share fund business? Another report on Pengana, Share options start next month, Existing note offers grandfathered, Tough conditions hit Spicers.

Ros Kirkland of Resi Mortgages explains some terms borrowers may come across when taking out a loan.

Wellington