Investors Confidence Rising

Investors expect increase in property value
01/10/2012

The number of property investors expecting an increase in the value of their property in the next 12 months has risen 16 per cent on last year to 87 per cent of those surveyed in the annual ANZ Property Investment Survey.

Some 85 per cent of property investors also expect rents to rise in the next 12 months – up from 80 per cent in 2011.

Over the next five years, the average investor expects both their property value and rents to rise by 6-10 per cent.

The survey showed 61 per cent of respondents were planning to buy more property and just under half intended buying in the next two years.

Almost nine in 10 plan to retain their existing property for the long haul.

The proportion of larger investors with seven or more properties is up, along with evidence that the market is now seeing a greater proportion of ‘‘professional’’ investors.

link:

http://www.stuff.co.nz/business/industries/7752768/Investors-expect-increase-in-property-value

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