Commercial Property Investor Confidence Survey Quarter 1 2019

Commercial Property Investor Confidence Survey Q1 2019 1536x1040

Solid and steady

Colliers’ quarterly confidence survey asks commercial property market participants about their views on the outlook for commercial property investment over the next 12 months across New Zealand.

Highlights of our March 2019 quarter Commercial Property Investor Confidence Survey:
  • Colliers’ latest Commercial Property Investor Confidence Survey results showed a net positive 22% (optimists minus pessimists) of respondents expect investment conditions to get better over the next 12 months. This is broadly in line with the last four quarters.
  • The survey was undertaken during the release of the Tax Working Group’s Final Tax Report. No distinguishable shift in trends were recorded.
  • 10 out of the 12 regions recorded a net positive score.
  • Queenstown returned to the top spot after being eclipsed by Tauranga/Mt Maunganui last quarter.
  • Napier/Hastings had a standout result with a net positive 24%, the highest on record since the survey began almost a decade ago.
  • In Auckland and Christchurch, respondents were most optimistic about the industrial sector, while in Wellington the office sector provided the strongest expectations from respondents.
  • The higher proportion of pessimistic responses over optimistic responses for Christchurch provided a net negative score. However, 45% of respondents in both the office and retail sectors were neutral.
  • There was a higher proportion of pessimistic responses than optimistic responses for Wellington and Christchurch retail investment conditions ahead, however, 47% and 45% of respondents provided a neutral response, respectively.
  • There were 1,598 responses utilised to construct the survey results.

Commercial Property Investor Confidence Survey Q1 2019 1024x972

Commercial Property Investor Confidence Survey Quarter 1 2019

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Chris Dibble

Director | Research & Communications

Auckland CBD

Chris Dibble oversees the delivery of award-winning research reports, PR and Communications for Colliers International New Zealand. With over 13 years of experience and university qualifications in economics, geography, marketing and property, Chris has a  multi-disciplinary approach that assists a broad range of clients in their strategic decision making. Chris is a regular presenter and market commentator with an extensive network of media contacts to discuss the latest insights on current and future property trends. Chris also works with in-house and external writers to curate an audience-focused content delivery strategy for Colliers.

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