Auckland commercial investors most confident

Colliers International’s third-quarter 2013 commercial property investor confidence survey shows optimism levels in Auckland reaching a net positive 56%, the highest in New Zealand and the highest level for Auckland since the survey began in March 2006.

Auckland investors overtook Christchurch, which had been the most positive city for the previous two years.

Alan McMahon, national director of research and consulting, said: “Expectations of economic growth in Auckland continue to outpace the rest of the country, and business and consumer confidence are both up. Population growth forecasts are boosting the construction industry and various major transport infrastructure projects are getting under way.”

He said the survey was conducted when it looked like there was a chance of New Zealand winning the America’s Cup, which might also have improved optimism.