Australian commercial property investors remain positive | 30 March 2015
The majority of commercial property investors in Australia still feel confident about the market, a new survey by Colliers has revealed.
Investors are most optimistic about the Queenstown market, as 68 per cent said they feel positive about it – a marked rise from the 61 per cent reported in the fourth quarter of 2014. A year ago, just 56 per cent felt as confident, reports interest.co.nz.
Auckland investors are almost as optimistic, with 61 per cent feeling confident – a slight drop from the fourth quarter of the previous year, when 63 per cent believed the market looked good. However, confidence in the Christchurch area has fallen from 60 per cent in December 2013 to 38 per cent now.
In contrast, the percentage of positive investors has more than doubled to 19 per cent from eight per cent in December 2013. Investors in Dunedin are mostly neutral, but this is a positive change, as for most of 2014 they felt negative about the commercial property market.
Northland investors are still the most negative, with 24 per cent feeling pessimistic, a stark rise from the two per cent who said the same back in December 2013.
Overall, optimists outnumber pessimists by a margin of 31 per cent. Investors feel least confident in the retail sector; although sentiment across all main cities has increased over the past year, reports scoop.co.nz.
The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.
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