THERE’S money to be made for those investing in commercial properties.
Thursday, November 24th 2005, 6:10PM
by The Landlord
The Property Council of New Zealand says commercial property owners collected an average return of 18.03 per cent for the year to September 30.
That’s well ahead of the 14.88 per cent average return investors pocketed last year, according to the latest investment performance survey.
“While income returns remained steady at 9.29 per cent, it’s the strong increase in capital value that’s driven the total return growth over the last few quarters,” says council director Connal Townsend.
“This is illustrated by the capital returns for each sector, ranging from 4.99 per cent for NZ bulk retail, to 13.08 per cent for Wellington CBD office.”
