Property investors are being asked to give their views on developments in the housing market, including proposed restrictions on high LVR mortgages, as one of the largest annual surveys of property investors opens today.
The ANZ Property Investment Survey, run in conjunction with the NZ Property Investors’ Federation (NZPIF), will seek the views of property investors across New Zealand about issues affecting the residential property market and gauge where the sector is heading in the next 12 months.
ANZ’s General Manager Specialist Distribution, Craig Moffat, said: “It will be fascinating to see whether investors believe the continuing upward trends in the Auckland and Christchurch housing markets are sustainable, and whether they anticipate price increases in other regions.
“Demand continues to outstrip supply in these two markets but prices are already stretched relative to income metrics and rents. The Christchurch rebuild and broadly improving economic indicators may also influence investors’ attitudes.
“Investors' perspectives on the proposed RBNZ LVR lending restrictions will also be of enormous interest to anyone with an interest in the property market. Will this alter investment strategies or investment value expectations?
“What are the main risks property investors see ahead? Is the typical level of investor indebtedness rising or falling? Will rents follow prices up? What impact have the Christchurch earthquakes had on property as an investment option?
“The ANZ Property Investment Survey aims to cast light on all of these key issues.”
Last year’s survey showed that investors were upbeat about market prospects, but were taking a realistic, long-term view, with almost nine in 10 planning to keep their property for the long haul.
“The survey continues to demonstrate that investors understand the new dynamic of property investing, treating it as a business and focusing on cashflow and managing risk,” says Mr Moffat.
Participants in the 2013 ANZ Property Investment Survey go in the draw to win one of ten prizes of $500. The survey will be live from Wednesday 24 July until Wednesday 7 August, and is available here. Results will be released at the beginning of October.
2 Comments
Bugger property investors, they have had their go. Get rid of at least the foreign non resident ones, CGT for the rest, encourage modular type housing NOT built in China, though and let the people who need to own their own homes have a turn, in order for society to begin to regroup with people who live in it having a stake in it.
The ANZ has organised these surveys for some years now. They obviously feel there is a lot of value to them and they must be popular or they wouldn't be run.
PIs know a lot about the property industry. They can provide a lot of valuable information that helps the banks to better provide services to the industry.
Good on them for doing so and all PIs for sharing their great knowledge of the industry with them.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.