05 settembre
2008
«IPD today announced the results of the Property Council / IPD New Zealand
Property Index for the 12 months to end June, 2008. Investors earned a total
ungeared return from commercial real estate investments of 13.5%, a
significant drop from the 24.1% return achieved for the same period a year
earlier.
The main driving factor for the slowdown in returns was the fall in the
capital growth rate to 5.9% in the year to June 2008. Income return for the
12 months was 7.2%. Over the longer term however, the New Zealand property
investment market still appears more resilient than many others, with a
5-year total return of 17.6%.
Moreover the total return from investment property still managed to outstrip
returns from both New Zealand equities and bonds by a comfortable margin.
The NZX All Ordinaries Equities Index returned 8.7% on an annualised basis
over 5 years, whilst the CSFB NZ GS Bond Index returned 5.1% over the same
period.
New Zealand CBD Offices were once again the top performer, with a total
return of 14.7% for the year, whilst the broader Industrial index returned
12.5%. New Zealand Retail was the worst performer earning investors an
ungeared total return of 12.4%» (CS della Società).
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