Confidence Still High

The results of our March 2015 quarter Commercial Property Investor Confidence Survey are:

• Investor confidence remained the same as Q4 2014.

Optimists outnumbered pessimists by a margin of 31%.

• Investor confidence in the Auckland property market has decreased marginally to 61%, overtaken by Queenstown as the most positive centre surveyed with 68%.

• Aucklanders are the most confident about the office sector, with a net positive 71%, the highest since we began the survey in 2006, and the highest across all sectors and locations.

• The most pessimism remains in the retail sector, albeit sentiment has improved from last year across all main cities.

• Christchurch is fourth with a net positive 38%. Optimism seems to have peaked, likely due to more momentum in the rebuild and more moderate growth forecasts.

• Wellington’s surge in confidence in late 2014 has held up.

Confidence is double the level recorded in Q1 2014.

• Investors remain the most pessimistic about upcoming conditions in Whangarei, with a net negative 25%.

• 2,871 responses were utilised to construct the survey results.

Full results: NZ_Investor_Confidence_Survey_March_15.pdf