Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search


Confidence in Hamilton property market remains strong

Confidence in Hamilton property market remains strong

Auckland, March 24, 2017

Confidence in Hamilton’s commercial and residential property markets remains high, with the city retaining its top four ranking in the latest Colliers International quarterly survey results.

The Commercial Property Investor Confidence Survey and Residential Property Market Outlook Survey were conducted by the Colliers International Research and Consultancy team this month.

The results show net confidence in Hamilton’s residential property market is the second highest in the country at 59 per cent. The city ranks behind only Queenstown at 74 per cent.

Confidence in the Hamilton commercial property market is the fourth highest in the country, at 41 per cent. While the result is down from 45 per cent in the last quarter, the city has maintained its fourth place ranking for the third quarter in a row.

Colliers International Hamilton Commercial Sales and Leasing Director Mark Brunton says the commercial result reflects what brokers had observed in the market since the start of the year.

“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 Colliers International surveys found overall net confidence in the New Zealand commercial property market remains positive at 24 per cent, down from 32 per cent in Q4 2016, while confidence in the national residential market remains steady at 41 per cent.

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 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.”

The top commercial market for investor confidence is Queenstown, which at 67 per cent has held the top spot for the last seven quarters. The top four is rounded out by Tauranga/Mt Maunganui (56 per cent), Auckland (47 per cent) and Hamilton for the third quarter in a row.

The top residential markets after Queenstown and Hamilton are Tauranga/Mt Maunganui (56 per cent) and Auckland and Nelson (43 per cent).

McMahon says the overall positivity in the residential sector is a strong result.

“It is no surprise that where population growth is strongest, upward price pressure is more evident than in centres with slow-growing or static populations,” he says.

“The exception is Wellington, which is showing huge confidence despite a relatively slow-growing population. Our view is that Wellington has been too cheap for too long and is now playing catch up.

“At the other end of the scale Christchurch confidence is neutral, suggesting equilibrium between demand and supply.”

The surveys were based on 2,299 responses from the commercial sector and 14,781 responses from the residential sector.


Full results are available in the accompanying Commercial Property Investor Confidence Survey and Residential Property Market Outlook Survey.



About Colliers International:

Colliers International Group Inc. is a global leader in commercial real estate services with 15,000 professionals operating from 396 offices in 68 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.

Founded in Australia in 1976, Colliers International is the largest locally formed real estate services firm with professionals worldwide. Find out more at www.colliers.co.nz

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Allegations Of Left Wing Media Bias

“Left wing bias” accusations date back at least to the mid 1990s, when complaints were commonly being levelled at RNZ’s Morning Report programme, largely by National MPs discomfited by being interviewed by Kim Hill.

The charge of left wing bias was ridiculous then, and is ridiculous now. More>>


Next Wave Of Reforms: Gun Registration And Licensing Changes Announced

“The Bill includes a register to track firearms and new offences and penalties that can be applied extraterritorially for illegal manufacture, trafficking, and for falsifying, removing, or altering markings – which are a new requirement under the Firearms Protocol.” More>>


Gordon Campbell: On Labour’s Mishandling Of The Alleged Sexual Assault

The focus of Labour’s alleged sexual assault scandal has now shifted from the party organisation to the Beehive... This is now a crisis of Beehive management and response, not something occurring at a distance within the party organisation. More>>


'History Rectified': Rua Kēnana To Be Pardoned

An official pardon for Tūhoe prophet and leader Rua Kēnana is one step closer after the Te Pire kia Unuhia te Hara kai Runga i a Rua Kēnana: Rua Kēnana Pardon Bill was read in Parliament for the first time today. More>>


Mental Health: Initial Mental Health And Wellbeing Commission Appointed

The Government has announced details of the initial Mental Health and Wellbeing Commission which will play a key role in driving better mental health in New Zealand. More>>


people outside the meeting house at WaitangiEducation: NZ History To Be Taught In All Schools

“We have listened carefully to the growing calls from New Zealanders to know more about our own history and identity. With this in mind it makes sense for the National Curriculum to make clear the expectation that our history is part of the local curriculum and marau ā kura in every school and kura,” Jacinda Ardern said. More>>


Sexual Assault Claims Mishandled: Labour Party President Resigns

Jacinda Ardern: “This morning I was provided some of the correspondence from complainants written to the party several months ago. It confirms that the allegations made were extremely serious, that the process caused complainants additional distress, and that ultimately, in my view, the party was never equipped to appropriately deal with the issue…" More>>


Budget Process: Wellbeing To Be Enshrined In Law

Legislation has been introduced in Parliament to ensure every Government considers the wellbeing of New Zealanders when creating future budgets. More>>

National In China: Bridges Praises CCP, Meets Law Enforcement Head

A recent trip to China has raised questions over who the Opposition leader Simon Bridges met with and why... Anne-Marie Brady, a Canterbury University professor and expert on Chinese politics, has described Guo Shengkun as the leader of the Chinese secret police. More>>


Gordon Campbell: On The SIS/GCSB’s Compliance With Torture

Torture is a crime under international law. New Zealand has signed (a) the UN convention against torture and (b) formal agreements about how armed conflict should be conducted. That’s the legal backdrop to the fascinating report released this week by the SIS Inspector-General.





InfoPages News Channels