Queenstown enjoys the second top slot in investor confidence around the country at 61%, while Dunedin has -1% investor confidence; down from a positive 5% confidence a year ago.
The Colliers International quarterly survey, which involved more than 2800 respondents, has Auckland enjoying most investor confidence at 63%, followed by Queenstown then Tauranga/Mount Maunganui and Christchurch at 49% and 48% respectively.
Colliers national director in research and consulting Alan McMahon said investor confidence had surged for the quarter to December to a record 31% - optimists outnumbering pessimists.
''Investors continue to see the upside in Auckland's property market, recording a net positive 63%, the highest of all 11 regions surveyed,'' he said.
Christchurch ranked fourth at a net positive 48%.
''This is the most confident respondents have been in the future of Christchurch's property market since September 2013,'' Mr McMahon said.
While Dunedin sat on -1% confidence, Napier/Hastings was -3%, Palmerston North -15% and Whangarei -25%.
Colliers industrial and commercial manager in Dunedin, Dean Collins, said Queenstown had experienced growth in tourism and had several new buildings, or buildings under construction, which were attracting higher-net-worth investors to the area.
In November, it was reported 11 new industrial buildings were under development around Dunedin since mid-2013, which does not include any development at the former Carisbrook stadium.
Mr Collins said despite the high number of new properties, Dunedin still faced a shortage of new, modern properties.
''There's no shortage of people wanting to invest. It's just that Dunedin property is tightly held,'' Mr Collins said.
