Survey shows growing confidence among New Zealand investors! Have you made these preparations before house prices take off again?
An authoritative expert explains it face to face!
The annual investor confidence survey recently released by Chartered Accountants Australia and New Zealand (CAANZ) shows that confidence among New Zealand investors is gradually strengthening after a difficult 2022. The survey covered more than 500 local retail investors, most of whom held over NZ$10,000 in shares, alongside other investments including funds, property and retirement savings.
The report noted that investor confidence hit rock bottom in 2022 amid concerns about the continuing effects of the COVID pandemic and global political instability. The investor confidence index has now reached its highest level since September last year.
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So how can you keep your finger on the pulse of the property market and the economy? Perhaps, like us, you have countless questions waiting to be answered:
- Are property auctions buzzing again?
- Are weekly open homes attracting more potential buyers?
- Have house prices risen or fallen recently?
- Are buyers more concerned about missing out (FOMO) or paying too much (FOOP)?
- Are more first-home buyers or more property investors entering the market?
- Have enquiries from overseas buyers increased or decreased?
- Are more or fewer potential sellers requesting property appraisals?
- Compared with three months ago, has the number of properties investors are putting up for sale increased or decreased?
- What factors are driving investors’ demand for property?
If you want answers to these questions, there is someone you need to know: well-known independent New Zealand economist Tony Alexander. Every month, he conducts 5 targeted market surveys, emailing invitations to more than 31000 people to gather timely intelligence on New Zealand’s economic developments. Those surveyed include real estate agents, mortgage advisers, portfolio investors, residential property investors and everyday consumers. Over the years, his survey findings and accessible economic commentary have helped countless New Zealanders make better business and investment decisions.