Commercial property confidence on rise

Commercial property investors and professionals are more confident than a year ago. 

A Colliers survey found confidence for the year ahead increased from a net positive 11% in the September quarter to a net positive 15% in the December quarter.

Respondents in eight out of 11 centres surveyed showed an improvement in confidence compared to last quarter. 

The exceptions were Christchurch, Palmerston North and Tauranga/Mt Maunganui.

Christchurch for the first time since June 2011 experienced a drop of 1% in confidence in the December quarter. However, it is still the highest among all the centres at a net positive 53%. 

Investor confidence in Auckland increased the most, by 9% to 33%, Napier/Hastings rose 7% to a net negative 10% in this quarter, after dropping the most in the September quarter.

Overall confidence in Tauranga/Mt Maunganui fell the most, by 6%, over the past three months to a net positive 13%. 

Palmerston North is still the most pessimistic centre at a net -26% overall. 

By sector in the three main centres, Auckland retail investors show the most improvement in confidence, up from 2% to 14%. Wellington office and retail investors remained the most pessimistic at -18% and -12%, respectively.

The survey received 4485 responses.

This article is tagged with the following keywords. Find out more about My Tags

Comment & Question

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7940 -0.0025 -0.31%
AUD 0.9031 -0.0049 -0.54%
EUR 0.6272 0.0007 0.11%
GBP 0.4950 0.0007 0.14%
HKD 6.1585 -0.0196 -0.32%
JPY 85.1130 -0.1260 -0.15%

Commods

Commodity Price Change Time
Gold Index 1248.5 1.960 2014-10-21T00:
Oil Brent 86.2 -0.850 2014-10-21T00:
Oil Nymex 82.5 -0.270 2014-10-21T00:
Silver Index 17.5 0.195 2014-10-21T00:

Indices

Symbol Open High Last %
NZX 50 5233.1 5284.3 5233.1 0.89%
NASDAQ 4429.2 4434.2 4419.5 0.29%
DAX 8934.5 8957.2 8887.0 0.49%
DJI 16615.3 16647.6 16614.8 0.12%
FTSE 6372.3 6400.9 6372.3 0.38%
HKSE 23300.5 23460.8 23088.6 1.37%
NI225 15038.2 15195.8 14804.3 2.64%