NEW ZEALAND Property Investment. Commercial, Industrial, Office, Retail, Commercial Syndication & Otago University Property Investment Opportunities.
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"...although all three measures we follow in the REINZ housing statistics report eased in January – prices, sales, and days to sell versus average – the underlying trends are for improvements in all three. The rising real estate market will eventually lead to rising consents and dwelling construction with assistance from recent cuts in bank fixed housing mortgage rates." Read or download the full report here
Fund managers chasing growth are eyeing up equity investments, shunning global bonds, and checking out property.
New Zealand's leading investment fund managers are beginning to favour property as increasingly defensive investment strategies are being implemented to counter the vagaries of the current world economic situation.
In a world where global investors are all looking for safe havens for their money, they see New Zealand farmland as good buying...Bloomberg reports that international investors, including billionaire George Soros and the Harvard University Endowment Fund are investing heavily in farmland in the US, parts of Europe, Latin America, Africa, and Australia. There has been offshore interest in New Zealand farms, including vineyards, kiwifruit and avocado orchards...Remarkably - and this would have sparked Fay's interest - New Zealand farmland prices have been falling in spite of record export dairy and other commodity prices. While these have cooled lately, few economists are expecting prices to plummet. Rabobank, in a report to a Washington conference a few days ago, predicted agricultural prices would shift higher and become more volatile, saying that any rolling back of biofuels legislation could add to the stresses. It said this would pose increasing problems for governments with their populations forced to cope with higher prices. Official figures, due to be announced soon will show the global population has soared to 9 billion, and climate change could add to food production problems in many countries.
With turmoil in the financial markets which, which according to Finance Minister Bill English, we can expect “episodically over the next four or five years”, it is more important than ever for investors to make wise, informed decisions. Following are some thoughts and observations about “the market”.
So where is the market heading? A general shortage of properties is likely to see values continuing to rise in many parts of Auckland. In the coming months it is likely that more parts of the country will follow Auckland and begin to increase also, with the probable exception of Wellington. As spring approaches, it is likely that more properties will come on the market which may see sales volumes increase a little more also. While general consumer confidence seems to be increasing, there are still headwinds in the market which are likely to keep things below normal levels for the time being. Read article here
Despite some of the negative influences currently in the market, Fonterra has reaffirmed its forecasted payout to dairy farmers for the 2012 season. The payout remains in the range of $7.15- $7.25 per kilograms of milk solids (kgms). Read or download the complete report.
The latest monthly survey of 25,000 Weekly Overview readers has revealed a rise in sentiment to a net 36% optimism about the economy in a year’s time compared with a net 22% optimism in early August. In real estate listings remain short but there is no flood of buyers, construction remains constrained with rising concern about impediments to rebuilding Christchurch, while exporters are expressing some but generally not a huge amount of concern about the NZ dollar.Read or download the complete report.