RESIDENTIAL
August - September 2021
T
he survey which asks questions about expectations of market fundamentals over the year ahead showed national confidence to have reached a net positive result of 38%, surpassing the previous high of 32% recorded in the final quarter of 2018. The proportion of those holding an optimistic view of prospects for the year ahead stood at 51% in June 2021, the highest on record. Correspondingly, the proportion of pessimists fell to the lowest level since December 2018. The result is even more remarkable given that it comes just 12 months after sentiment had fallen to a net negative rating of -19%. Sectoral variances continue While overall sentiment is positive, there continues to be a variance in confidence levels across asset classes. The overall score is heavily 24 propertyandbuild.com
Property investor confidence hits record highs Investor confidence across New Zealand has hit a record high, according to Colliers’ latest commercial and industrial investor confidence survey driven by the extremely positive outlook for the industrial sector, which has proved to be the most resilient over the last year. Despite easing from peak levels reached in March 2021, it continues to generate the highest rating with a net positive score of 63.8%. But it’s not all about the industrial sector. Views on the prospects for the office market have rebounded strongly. In June 2020, confidence
stood at a net negative -25.7%, the lowest rating recorded since September 2010. Confidence returned to positive territory in the closing quarter of 2020, but has strengthened significantly, generating a net positive rating of 29.1% in June 2021. While the retail sector’s rating, a net positive 3.9%, appears low in comparison, it is a remarkable turnaround in sentiment from June 2020 when its rating
stood at a record low of 67.4%. Furthermore, the June 2021 figure is the first time a net positive score has been recorded in two and a half years and its highest since late 2017. It’s a national story The increase in commercial and industrial investor confidence has been reflected across the country with all 13 regions surveyed recording net positive
