PHOTO: SIMON O’CONNOR/STUFF Almost a quarter of those surveyed thought their own home was the investment most likely to provide the best return over the next year.
Homeowners are being told not to make the mistake of thinking of the house they live in as an investment.
ASB has released the results of its latest investor confidence survey, which shows confidence up 3 per cent in the December quarter.
But that seemed to be driven by people’s perception of their own homes.
Almost a quarter of those surveyed thought their own home was the investment most likely to provide the best return over the next year.
ASB senior economist Chris Tennent-Brown says while the overall increase in confidence was encouraging, the details behind the lift were disappointing.
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