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Rental property still tops for Aucklanders

Rental property is still the asset seen as most likely to provide the best returns, according to ASB’s latest investor confidence survey.

The ASB Investor Confidence Index has remained stable at 13 points during the three months to December 2012.

ASB’s head of wealth advisory Jonathan Beale said: “The fact it hasn’t budged since the previous quarter means investors remain the most upbeat they have been since the end of 2010.”

On a month-by-month basis, investor confidence was strongest in the last quarter of last year when progress was being made in the Eurozone debt crisis and ebbed as the United States dealt with its fiscal deadlock.

Rental property was seen as the asset most likely to provide the best returns for investors by 19%, up one point from the previous survey.

But when the results were split between Auckland and the rest of the country, rental property’s dominance was not so strong.

In Auckland, 24% think rental properties give the best return, followed by 18% for term deposits. Outside Auckland, term deposits and rental properties share the top spot with 17% each.

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