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.


Got a question about this story? Leave it in Comments & Questions below.

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

Comments & Questions

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 0.7113 0.0000 0.00%
AUD 0.9508 0.0000 0.00%
EUR 0.6400 0.0000 0.00%
GBP 0.5202 0.0000 0.00%
HKD 5.5327 0.0000 0.00%
JPY 72.5690 0.0000 0.00%

Commods

Commodity Price Change Time
Gold Index 1322.4 60.100 2016-06-24T00:
Oil Brent 49.0 0.120 2016-06-24T00:
Oil Nymex 47.6 -2.520 2016-06-24T00:
Silver Index 17.8 0.440 2016-06-24T00:

Indices

Symbol Open High Last %
NZX 50 6821.4 6853.1 6821.4 -2.25%
NASDAQ 4715.8 4798.2 4910.0 -4.12%
DAX 9237.6 9720.1 10257.0 -6.82%
DJI 17946.6 17946.6 18011.1 -3.39%
FTSE 6338.1 6338.6 6338.1 -3.15%
HKSE 20483.5 21034.2 20868.3 -2.92%
NI225 16333.9 16389.2 16238.4 -7.92%
ASX 5280.7 5325.4 5280.7 -3.17%