Chris Tennent-Brown: ASB Senior Economist on investor confidence in Auckland more confident than of country

Covid restrictions are failing to dent investor confidence. ASB's latest survey shows net investor confidence reached 25-percent in the three months to October - its highest point in almost five years. Net confidence in Auckland reached 31-percent - its highest point in more than seven years. ASB Senior Economist Chris Tennent-Brown told Kate Hawkesby people are thinking beyond their short-term frustrations. “It seems that Aucklanders are looking through the lockdown and focusing on the true question which is ‘do you think investment returns will be better over the next 12 months?’” He said KiwiSaver balances have been recovering, and term deposit rates have been going up. LISTEN ABOVE See omnystudio.com/listener for privacy information.