Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Property investors in a mood to buy

29 May 2006

Property investors in a mood to buy

Close to 90 per cent 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,” Mr 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, Mr 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.”

The findings ANZ/NZPIF Property Investment Survey are based on information from 378 respondents. The 2006 survey, conducted earlier this year, was the third by the Federation which represents the interests of property investors throughout the country.

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

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>