Investors keep their chins up
Sunday 10 October 2004
Institutional investors in New Zealand's blue-chip commercial property market remain upbeat, a survey shows.
By The Landlord
This year's Ernst & Young Real Estate Investor Survey is based on the responses of 11 unnamed institutional investors the report describes as together holding "a substantial proportion of New Zealand's property stock."The investors were asked to indicate what annual income and total return they expected on investments for the financial year ending June 2005.
When completing the survey, investors were to assume the following investment conditions: rents at market rates, minimal vacancies, medium- to long-term leases and minimal short- to medium-term capital expenditure.
Figures generally show a continued firming of yields and total returns.
This is in spite of expectations of an imminent economic slowdown and a perceived peaking of the property market.
Read More - Opens in a new window
Commenting is closed
Property News
Key reform will only protect bad tenants
Getting rid of “no cause” termination notices only serves to protect bad tenants and will have a negative impact on the broader community, not just landlords, according to landlord advocates.
House Prices
No stopping Capital price rises
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Mortgages
Mortgage rates may be at cycle low: ASB
Take note, investors: It is "quite possible" fixed rate mortgages have hit their lowest point in this cycle, according to economists at ASB.
