Commercial

Hard job, shopping for shops

Soaring retail spending has pushed up the demand for retail properties, making it difficult for real estate investors to find enough properties to fill their portfolios.

Monday, September 27th 2004

According to Statistics New Zealand, shoppers spent $53 billion in the year to June compared with $39 billion in 1999, a $14 billion increase.

Despite predictions of a slow-down in spending, total retail sales for July 2004 were $4.56 billion or 7.9 per cent higher than July last year.

According to the latest Property Council investment performance figures, small shopping centres, small bulk retail outlets and strip retail show returns of up to 17.7 per cent in the past year.

Larger shopping centres are also showing healthy returns rising from 10.57 per cent to 17.58 per cent in the past year

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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