NZ Office drives returns for commercial property in Q2 2013

New Zealand office drives returns for commercial property in Q2 2013

Sydney, 2 September 2013: The Property Council New Zealand/IPD New Zealand All Property Index Q2 results released last week showed a total return of 12.4% for the year ending June 2013. This was comprised of 8.0% income return and a positive 4.1% capital growth.
The June 2013 results represent a higher total return in comparison to the previous 11.0%, and last year’s June result of 9.2%. Returns were driven predominantly by the office sector which is up 1.2%. More specifically, total return for CBD offices increased from 11.1% to 14.7%, driven by a 2.3% increase in capital return.

Read Full Release:

NZ_office_drives_returns_for_commercial_property_in_Q2_20131.pdf

Snapshot:

IPD_results_snapshot_020913.pdf

ENDS

© Scoop Media