Sharechat Logo

Property investors in mood to buy

Friday 26th May 2006

Text too small?
Close to 90% of property investors intend to increase their holdings in the next five years in spite of indications price increases may be leveling off, the ANZ/NZPIF Property Investment Survey shows.

NZ Property Investors Federation president Martin Evans says virtually no-one expects prices to rise faster than they have in the past two years.

"The survey shows investors are confident that the long term trends will favour property and the returns it can generate. The Government's intended capital gains tax on direct overseas investment, announced since the survey was undertaken, may be a further encouragement for investors to increase their property holdings."

"The price paid for a property is not so important for those who long term investors and are taking a 10 or 20 year view," Evans says.

"Any slow down in prices is likely to be used by those experienced property investors to further expand their portfolios."

Most federation members are focused on rental streams rather than solely capital gains, Evans says.

"The median property investment 'breaks even' in terms of profit and loss. However many in the sector are taking advantage of the Loss Attributing Qualifying Company regime to deliver benefits."

"We believe our survey is an accurate reflection of the opinions of those most closely associated with property as an investment vehicle," Evans says.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Steel & Tube Fy20 Trading Update
Further Contract Win Strengthens Scott Technology’s Position In Mining Sector
China’s Assertiveness Is Becoming a Problem for Its Friends, Too
New Talisman - Chairman’s Address to AGM 2020 August 6, 2020
T&G reports its 2020 Interim Results
Gold price hits $2,000 for first time on Covid
TruScreen strengthens its market presence in central and eastern Europe
Refining NZ announces non-cash impairment
Ryman Healthcare COVID-19 update Victoria
Talisman Quarterly Activities Report to 30 June 2020

IRG See IRG research reports