Market Commentary

Commercial property owners need to take action on asbestos

On April 4th 2018, the Health and Safety at Work (Asbestos) Regulations 2016 come fully into effect, and owners of buildings where there is asbestos and tenants...

Australian pension pool lures global debt funds

More global fund managers are setting up shop in Australia, drawn to the nation's $2.3 trillion pension savings pool and new local investment opportunities.

Annual inflation expected to come in below 2pc again

There could be changes ahead for the Reserve Bank, depending on the make-up of the next government. Economists expect annual inflation is still running lower than the...

Singapore-listed Roxy-Pacific buys second office tower in New Zealand

Singapore-listed property group Roxy-Pacific advanced its New Zealand expansion buying its second office building in Auckland the NZI Centre for...

Further Tightening in the Auckland Industrial Property Market

Auckland Industrial property vacancy rates have constricted further to a new record low of 2.1%, down from 2.2% in 2016. This is...

SNAPSHOT - Freemans Bay

Freemans Bay was once a poor and disreputable area of Auckland. Now this suburb on the edge of Auckland...

Residential vs. Commercial Property Trends

The media coverage of New Zealand (and specifically Auckland) house prices has ramped up even further recently, with the news that the Auckland residential house prices are now...

Commercial Property snippets from across the Tasman

Sydney shrinks as Melbourne expands.

A commercial property construction boom in Melbourne – the biggest in...

OUTLOOK 2017

2017 will be a year of opportunities and some challenges for commercial and industrial property investors, says John Church, Bayleys’ national director commercial and industrial.

Many of the factors...

Welcome to the first Auckland City & Fringe e-newsletter of 2017. We hope you had a relaxing Christmas break and have enjoyed a bit of the recent good weather. We are excited to see what the year of 2017 holds for us as 2016 was a record...

Just as we thought that we would have a steady run in to Christmas with no major new news, we have a couple of “black swan” events which requires us to put our thinking caps on as we try to appreciate the implications (if any) of what these...

With a gradually ageing population and increasing numbers of retirees downsizing and looking for income at better than bank interest rates, we are witnessing continued strong demand from these and other investors for well located, well leased...

The landscape is changing in the Auckland apartment development market. A summary of these changes are as follows:
 
The pressure has increased on developers as more apartment development projects are predicted to fall over

Favoured as Sole Agent by New Zealand Post Limited, Bayleys Real Estate Limited is pleased to offer for sale five premier freehold standalone properties. This portfolio contains something for everyone. Investors, add value investors, owner...

• Syndicators and Private Investors are the biggest buyers in the commercial property market > $5M
• Institutions including listed companies are net sellers (>$200M) of commercial property
• 72% of the sales > $5M...

With the Proposed Auckland Unitary Plan being confirmed and numerous zone changes coming into effect, there is now a significant increase in the supply of land capable of supporting higher density residential properties. Many passive investors...

Kingsland, an inner city suburb of Auckland established in the 1880’s and the home to Eden Park has grown to become a vibrant residential and retail precinct offering a diverse range of retail, cafes, bars and restaurants. Highly convenient it...

The suburb of Grafton is one of Auckland’s oldest suburbs. With a strategic central location, it is also one of Auckland’s most convenient. It is adjacent to Auckland’s CBD and is bordered by other desirable Auckland suburbs such as Parnell,...

Last week Britain’s surprising exit from the EU sent shockwaves around the world and have resulted in a major destabilisation in Europe.  The potential repercussions of an event such as this is a longer conversation for another day, however it...

High levels of activity within the office leasing sector has seen Parnell’s office vacancy rate fall to its lowest level since 2005. Results of Bayleys Research’s most recent office vacancy survey shows just 6.0% of offices in Parnell are...

Last Wednesday the Total Property 1 Auctions were held and there was arguably the strongest ever results achieved across the length and breadth of Auckland. With yields of 5.54% in Mangere, 4.48% in Grey Lynn, 4.78% in Mt Wellington,...

Further to our first snapshot of the year which focussed on the revitalisation and resurgence of Eden Terrace with a number of strong sales in 2015, our next snapshot returns to this favourable location as we look...

The second snapshot for 2016 focuses on the recent resurgence of unit titled office sales in city and city fringe locations. With commercial property prices increasing, many of the smaller investors entering the market...

New apartments and terracing housing builds in Auckland will overtake the construction of stand-alone houses for the first time in New Zealand’s history, next year.

Property and architecture company RCG’s latest research says the...

The title of the latest ASB Economic Update was “Wheel-spinning Reserve Bank needs more traction” It predicted that they now expected the RBNZ to lower the OCR to 1.75% to gain traction. It tipped that we would most likely need two...

Eden Terrace is an inner city suburb of Auckland located 2km south of Auckland CBD. In recent years it has begun to undergo a revitalisation as a residential suburb, due to the development of numerous apartment buildings, which often benefit...

Finance Minister Bill English warns of a “price spiral” in Auckland housing if Auckland Council doesn’t deliver more houses.
 
“If the plan is seen not to deliver the supply that’s required, you’re likely to see upward pressure on...

The Auckland Council has voted 13-8 to withdraw its 'densified' and 'up-zoned' maps it had presented in December as evidence to the Independent Hearings Panel on the Auckland Unitary Plan, throwing the Government's supply-led strategy to...

Auckland may be developing a two speed housing market, with prices for top end properties easing back while the growing housing shortage keeps upward pressure on prices at the bottom.

The first hint that this could be occurring came at...

The tight industrial property market of the past three years is making it hard to find premises for businesses.

Vacancies in the industrial market are approaching record lows and yields have firmed.

This means some firms are...

Train and bus stations, shops and hospitality hubs have become the main societal factors behind where people choose to live, according to new research.

The research data from Bayleys indicates these have replaced the previous primary...

Beyond the slowing from reduced dairy income, other sectors of the New Zealand economy, such as tourism, are picking up. This will see annual economic growth recover over 2016 towards 3%.

Diversification is happening across products and...