tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Wednesday, July 15th, 7:26AM

News

rss
Latest Headlines

Investor confidence remains high across most of NZ

Confidence among commercial and residential Kiwi investors is mainly positive, according to a new survey from Colliers International.

Tuesday, March 28th 2017, 9:00AM

by The Landlord

The new research reveals Queenstown took out the top spot in both commercial and residential investor confidence at 64 and 74% respectively, closely followed by Hamilton (59%), Tauranga/Mt Maunganui (56%), and Auckland and Nelson (43%).

But the research, which tracks sentiment in the commercial and residential property markets and was conducted by the Colliers International Research and Consultancy team this month, also reveals investors remaining optimistic about the Wellington market and more negative about Christchurch.

Confidence is high in the Wellington residential market, at 51 per cent, up from 28 per cent in December 2016. However, this is still lower than the pre-quake high of 63 per cent in September 2016. The Wellington commercial property market has also grown despite November’s magnitude 7.8 earthquake, which reduced available office space by 7 per cent. Overall confidence is at 29 per cent, up from 22 per cent in Q4 2016.

Meanwhile the Christchurch residential market has dipped, with confidence down 14 points to 0% – meaning respondents are evenly split on whether the median price will go up or down in the next 12 months, while its investor confidence in the commercial market has also dipped to its lowest point since Q1 2011, which coincided with the February 2011 earthquake. Confidence is at -2%, down from 15% in the last quarter.

Colliers International Research and Consulting National Director Alan McMahon says while there has been a dip in commercial investor confidence, the 24 per cent net positive result means a significant majority of those who think the market will change are optimistic.

“New Zealand market fundamentals are sound, with demand for offices, shops, and industrial property remaining steady to strong across the country,” he says.

“Centres with good growth in resident or visitor numbers, which boosts demand for all property types, tend to have higher confidence.”

Commenting on Hamilton's performance, with residential confidence at 59% and commercial at 41%, McMahon says, “We’ve noticed the pace has eased marginally from the record levels we experienced in 2016. Our feeling is that bank-imposed lending restrictions are behind a large portion of this easing.

“However, prime investment properties remain unaffected by this slight easing. We’re also particularly confident about land and development orientated projects.”

The Tauranga/Mt Maunganui commercial market, which is the second highest in the country at 56 per cent, behind only Queenstown, saw results drop from 65 per cent in the last quarter. And its residential market also remains strong, with net confidence at 56 per cent, putting it in third place.

“It’s indicative of the continued population growth we are experiencing, and the growth in all sectors of the market to cater for these new residents moving to our city,” says Colliers International Tauranga Director Simon Clark.

Confidence in the Napier/Hastings commercial property market is at 13 per cent, up 1 percentage point from the last quarter. Confidence in the residential property market is at 41%, up from 38 percent in Q4 2016.

« Address Auckland infrastructure issuesRevamp planning system, end crisis »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • [The Wrap] Dealer group land like a game of Risk
    “Excellent. I've said for a long time that Dealer Groups were a necessary evil. Especially to the new entrant into the...”
    2 days ago by BayBroker
  • Harking back to the old days
    “Tactical move by CIGNA and looks like they have a lot of bench strength now in sales, underwriting and product / pricing...”
    5 days ago by hitting rock
  • Greens want ACC extended to cover sickness
    “Never happen. The Greens are such an aspirational bunch. Must all the weed. They 'want' all sorts of unlikely things...”
    5 days ago by All hat no cattle
  • Harking back to the old days
    “Really positive news. NZ has been blessed by many successful leaders and it is good that their skills can skill be utilised...”
    5 days ago by Francis L
  • Harking back to the old days
    “I dare say Cigna just got that extra grunt it's been looking for....”
    5 days ago by Matron
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 3.19 3.19 3.49
AIA Special - 2.69 2.69 2.99
ANZ 4.44 3.15 3.25 ▼3.39
ANZ Special - ▼2.55 ▼2.69 ▼2.79
ASB Bank 4.45 3.19 3.19 3.49
ASB Bank Special - 2.69 2.69 2.99
Bluestone ▼3.49 ▼3.49 ▼3.49 ▼3.49
BNZ - Classic - ▼2.55 2.69 2.99
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.25 3.29 3.59
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union South 5.65 4.75 4.75 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 2.60 2.65 2.80
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 3.99 2.58 2.68 2.79
Kainga Ora 4.43 3.29 3.39 3.85
Kiwibank 3.40 3.40 3.54 4.00
Kiwibank - Capped - - - -
Kiwibank - Offset - - - -
Kiwibank Special 3.40 2.65 2.79 3.25
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Lender Flt 1yr 2yr 3yr
Resimac 3.49 3.45 3.39 3.69
SBS Bank 4.54 3.29 3.19 3.49
SBS Bank Special - 2.79 2.69 2.99
The Co-operative Bank - Owner Occ 4.40 ▼2.69 ▼2.75 ▼2.99
The Co-operative Bank - Standard 4.40 ▼3.19 ▼3.25 ▼3.49
TSB Bank 5.34 ▼3.35 3.49 3.79
TSB Special 4.54 ▼2.55 2.69 2.99
Wairarapa Building Society 4.99 3.75 3.99 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - ▼2.55 2.69 2.79
Median 4.55 3.19 3.22 3.39

Last updated: 13 July 2020 7:38am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com