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 0.7164 0.0002 0.03%
AUD 0.9319 -0.0012 -0.13%
EUR 0.6813 0.0019 0.28%
GBP 0.5747 0.0010 0.17%
HKD 5.5588 0.0005 0.01%
JPY 81.0540 -0.3630 -0.45%

Commods

Commodity Price Change Time
Gold Index 1238.9 0.850 2017-02-21T00:
Oil Brent 56.8 0.860 2017-02-21T00:
Oil Nymex 54.3 0.940 2017-02-21T00:
Silver Index 18.0 -0.030 2017-02-21T00:

Indices

Symbol Open High Last %
NZX 50 7115.7 7115.7 7115.7 -0.75%
NASDAQ 5857.6 5861.1 5865.9 -0.11%
DAX 11989.7 12031.1 11967.5 0.21%
DJI 20715.4 20740.7 20743.0 -0.01%
FTSE 7274.8 7303.6 7274.8 0.19%
HKSE 24059.1 24202.0 23963.6 0.99%
NI225 19419.2 19419.2 19381.4 -0.01%
ASX 5791.0 5805.1 5791.0 0.24%