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High-net-worth investors in Australia are becoming more optimistic with the economy and the investment landscape, according to the latest study by Citi Australia.
The study showed that real estate is on the top of the list of sectors that investors think will perform the best this year.
"We largely agree with the surveyed investor's predictions as we anticipate property will continue to do well this year," said Gofran Chowdhury, head of banking and wealth distribution at Citi Australia.
The study also showed that a huge share of investors at 73% remained unfazed about the potential impacts of low interest rates on their investment.
"Low interest rates did not rank as an area of concern for high-net-worth investors, despite this being a major factor influencing the return investors can generate," Chowdhury said.
"We can hypothesize that high-net worth investors are not chasing returns to create wealth, they are instead focus on preserving their wealth."
For over half of investors, diversifying their portfolio is a the top of their priorities. Investment properties, along with savings accounts and shares, remain the dominant asset classes.
Chowdhury said diversification remain a concern that "permeates Australian investing."
"This is particularly problematic in today's volatile, low-rate environment, as investors are missing out on potential upside associated with further diversification across different geographies and asset classes," he said.
