ANZ Property Investors National Survey Starts

ANZ Property Investors National Survey Starts

The ANZ Property Investors annual residential property survey, run in conjunction with the NZ Property Investors’ Federation (NZPIF), gets underway today.

The survey canvasses property investors throughout New Zealand about issues affecting the residential property market and gauges where the sector is heading over the next 12 months.

ANZ General Manager Specialist Distribution Craig Moffat says that the 2010 survey results would be interesting following the Budget tax changes which deny investors the ability to treat investment properties as depreciating assets, and use them as income deductions.

“Polls straight after the election had investors saying they were not deterred by the tax changes so it will be interesting to see if there is any change in attitude now residential property owners have had time to come to terms with what the changes might mean for their personal circumstances,” he said.

The survey runs until 12 September 2010 and can be accessed online at the ANZ (www.anz.co.nz) and NZPIF (www.nzpif.org.nz) websites. Last year’s participants will also receive a survey to complete.

“The survey has been going for five years and the results provide an insightful barometer of the property investment market in New Zealand in any given year,” says Mr Moffat. “Property investment requires solid research, analysis and planning just like any other business.

“It is more important than ever for investors to take a cautious, carefully- considered approach, and realise that the property investing world has changed. ANZ supports residential investors by helping bring together like-minded people, communicate best practice models and foster continuing education through the NZPIF.”

This year’s survey asks property owners about their purchasing expectations, investment strategies, portfolios, property management, asset protection, and reaction to the 2010 Budget changes.

The 2009 survey results, with 1000 respondents, showed that residential investors were generally optimistic about house prices and rental growth leading up to 2014. Eighty-seven percent of recipients said they planned to hold onto their rental portfolios over the long-term and 46 per cent were planning to buy another residential rental property in 2010.

The survey results will be released in early November.

ENDS

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