Investor confidence has bounced back says FMA

New Zealand’s investors are confident in the financial markets and housing investments according to a survey by the markets regulator

Investor confidence has bounced back says FMA
There have been some major disruptions in world events in the past year but 65% of respondents to an FMA survey are confident compared to 56% last year.

The poll of 1,000 Kiwis revealed that 9 in 10 have an investment with KiwiSaver the most common (680 people, 68%) while residential property investments other than their own homes were held by 126 respondents (13%)

Of those with investment homes, 76% said they were confident in their investments, 5% were very confident with 14% not confident and 5% unsure. 
The 81% total for residential property investors who were either confident or very confident was matched only by ‘other superannuation schemes’ and beat managed funds/unit trusts, term deposits, self-purchased bonds or shares, and KiwiSaver.

A quarter of those with residential property investments said their confidence has increased with a further 58% saying it has stayed the same over the past year.

More than three quarters said that they are satisfied with regulation of real estate investments 

KiwiSaver had the highest percentage of those who were unsure of their confidence in their investment (14%) and a 20% share for those who were either not very confident or not at all confident. A total of 67% were confident or very confident.

People who are most likely to have investments live in Auckland, are married or living with a partner, and have personal income $50k+ and a household income $100k+.