NZNew Zealanders are increasingly skeptical about property investment as a reliable source of financial returns, according to a recent survey by ASB. The findings indicate that 40% of respondents are 'very concerned' and 46% are 'concerned' about how local political uncertainty might impact their investments. Over half of those surveyed expressed worries about global geopolitical and economic factors. Managed investments, owning a home, and KiwiSaver were viewed as more promising options compared to rental properties, which only 10% considered the best return option. ASB economist Chris Tennent-Brown noted that declining confidence in property investment aligns with a stagnant property market and various proposed policies that could influence the sector. He emphasized that while concerns exist regarding potential policy changes, such as removing interest deductibility and introducing a land tax, investors are not actively altering their strategies based on these fears.
Bias read (Center): The article presents data from an economic survey and quotes from an economist discussing the impact of political uncertainty on investment confidence. It does not exhibit overtly biased language, one-sided sourcing, or omission of context. The framing remains neutral, focusing on presenting survey
