Auckland commercial property, and the industrial, office & bulk retail sectors, all slipped on the MSCI index in the first quarter of 2019. Shopping centres continued their index decline, other retail was steady, and Wellington experienced the second quarter of capital growth after relying totally on income returns for the previous 3 quarters. MSCI (Morgan […]
Property Council returns
The Property Council’s annualised quarterly index was down from June to September, but rose in the September quarter compared with a year earlier, just like it did in the March quarter. One very helpful reason for the better look in September is that the March quarter figure was revised downward.
The total annual return on the Property Council’s quarterly commercial property index, produced by IPD, rose to an annualised 13.9% in the March quarter.
The New Zealand commercial property market has outperformed globally over the last 5 years, according to the Property Council’s latest research.
Published 3 June 2011 The IPD/Property Council commercial property index slipped a point from December to show a 5.9% total return for the March quarter, but still up from the September quarter’s 5.4%. The long-run return is 10%. The latest index result showed an 8.3% income return, negative 2.2% capital return, compared to an annualised […]
Published 9 March 2011 The Property Council’s quarterly index, produced in conjunction with Australian research company IPD, has shown its first positive annual capital growth since June 2008. The index for the December quarter showed 0.9% capital growth, 8.4% annualised income return and a 9.4% total return. The index provides a broad measure of market […]