Residential rental property offers best returns - survey
Investors' confidence in rental returns from residential property is up and looks like it will keep climbing in the coming year, a just released survey shows.
Saturday, July 19th 2003, 11:45PM
by The Landlord
ASB spokesman James Mitchell said of those who owned residential rental property, 68 per cent were expecting a better return from it this year.
"A continued belief in housing is likely for some time, particularly as New Zealand's strong migration flows continue, interest rates continue to fall and supply continues to lag behind the demand for housing," he said.
But over the coming year there was likely to be a more cautious approach to property investment, with other options being investigated, Mr Mitchell said.
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