New Zealanders are flocking back to rental property for the first time in two years.
The latest ASB Investor confidence index climbed 7 points to a net 12 percent in the three months to the end of March.
Nineteen percent of investors now believe rental property offers the best returns, up from 14 percent last quarter.
ASB head of wealth advisory Jonathan Beale says term deposits were seen as a safe form of investment over a number of years but that's changed in this latest survey.
Photo: NZ Herald