NZ Office drives returns for commercial property in Q2 2013
New Zealand office drives returns for commercial property in Q2 2013
Sydney, 2 September
2013: The Property Council New Zealand/IPD
New Zealand All Property Index Q2 results released
last week showed a total return of 12.4% for the year ending
June 2013. This was comprised of 8.0% income return and a
positive 4.1% capital growth.
The June 2013 results represent a higher total return in comparison to the previous 11.0%, and last year’s June result of 9.2%. Returns were driven predominantly by the office sector which is up 1.2%. More specifically, total return for CBD offices increased from 11.1% to 14.7%, driven by a 2.3% increase in capital return.
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