Report | Future Cities

New Zealand Transaction Monitor

Investment Market Trends

October 5, 2023 5 Minute Read

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Key Points:

 

  • During H1 2023, the total value of commercial and industrial investment transactions reached  $1,278 million across 59 sales in the three main centres.  It was down by $374 million compared to the previous six months. 
  • Low sales volumes reflect below average levels of buy side liquidity compounded by the continued stickiness of a wide bid ask gap.
  • The industrial sector was the most active during H1 2023, followed by development site/land sales.  Retail also remained active, but the office sector was subdued.
  • Private investors, both as sellers and as buyers, were the most active during H1 2023 although overall, the private investor category was a net seller.  Listed vehicles and managed funds were also net sellers in H1.
  • Overseas investor activity was net positive to the tune of $93 million.   Overseas investment was by private high net worth investors, originating from a variety of locations across Australia, Asia and Europe.