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 0.7842 -0.0078 -0.98%
AUD 0.8914 -0.0023 -0.26%
EUR 0.6203 -0.0015 -0.24%
GBP 0.4896 -0.0010 -0.20%
HKD 6.0810 -0.0622 -1.01%
JPY 85.2860 -0.3520 -0.41%

Commods

Commodity Price Change Time
Gold Index 1229.0 2.000 2014-10-28T00:
Oil Brent 86.0 -0.650 2014-10-28T00:
Oil Nymex 81.4 0.410 2014-10-28T00:
Silver Index 17.2 0.065 2014-10-28T00:

Indices

Symbol Open High Last %
NZX 50 5338.3 5367.6 5338.3 0.33%
NASDAQ 4551.4 4564.4 4564.3 -0.33%
DAX 9139.0 9157.6 9068.2 0.16%
DJI 17005.1 17065.5 17005.8 -0.18%
FTSE 6402.2 6475.4 6402.2 0.81%
HKSE 23704.0 23855.7 23520.4 1.27%
NI225 15442.4 15595.3 15329.9 1.46%