House Prices

Anzac spirit evident in property

Auckland is effectively viewed as the Australian seaboard’s fourth city by property investors across the Tasman, says visiting Tony Brasier, Australian chief executive of Sydney-based Colliers International.

Monday, June 20th 2005

"If you look at Australia’s east coast cities - Sydney, Melbourne and Brisbane - Auckland is an hour closer than Perth and not much less in travelling time than Adelaide," he says.

"So Auckland is a key market as far as Australians are concerned and, in fact, they now see both countries as one market. There’s been talk about having one currency and I believe that will eventually happen."

Colliers, with 27 offices in Australasia, claims to be the biggest transtasman commercial agency, generating annual revenue of A$150 million ($162 million).

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