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 0.7831 -0.0010 -0.13%
AUD 0.9224 0.0005 0.05%
EUR 0.6286 -0.0005 -0.08%
GBP 0.5013 0.0005 0.10%
HKD 6.0858 0.0040 0.07%
JPY 92.9660 0.0660 0.07%

Commods

Commodity Price Change Time
Gold Index 1167.0 -29.600 2014-11-28T00:
Oil Brent 79.4 -0.640 2014-11-26T00:
Oil Nymex 66.2 -7.540 2014-11-28T00:
Silver Index 15.5 -1.060 2014-11-28T00:

Indices

Symbol Open High Last %
NZX 50 5455.4 5474.7 5455.4 -0.57%
NASDAQ 4797.1 4810.9 4787.3 0.09%
DAX 9990.7 9990.7 9974.9 0.06%
DJI 17830.6 17893.4 17827.8 0.00%
FTSE 6723.4 6734.7 6723.4 -0.01%
HKSE 23982.3 24117.2 24004.3 -0.07%
NI225 17340.2 17471.9 17248.5 1.23%