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CONFIDENCE REIGNS AMONG PACIFIC INVESTORS
Australia and New Zealand
83% of investors expect volumes in the Pacific region to increase in 2015, the most optimist globally about their own home region John Marasco, Capital Markets & Investment Services || ANZ
2015 GLOBAL INVESTMENT SENTIMENT REPORT
Pacific investors remain the most confident in the world about property investment conditions thanks to sustained levels of strong economic growth and improving global sentiment. This confidence is also continuing to accelerate. Last year 35% expected conditions to continue to improve and this has now increased to 60%. Just 7% expect conditions to deteriorate.
With such high levels of confidence, the outlook for investment volumes is also, not surprisingly, positive. Only 5% of investors expected volumes to decline in the Pacific region with the majority (83%) anticipating an increase in 2015. This is a substantial rise in the proportion expecting an increase last year, as well as the highest percentage recorded globally.
Year to date investment volumes in Australia are slightly higher than the same time last year, with AUS$19.8 billion transacted across all asset classes compared with AUS$17.7 billion in 2013. With the deals currently in play, as well as the positive sentiment towards property investment, similar investment levels are likely to be achieved in the market in 2014 as they were in 2013. Overall volumes are unlikely to exceed record 2007 levels, although they will in some sectors.
It is a similar story in New Zealand, where transaction volumes are at NZ$3.4 billion year to date and forecast to hit NZ$5.5 billion, which would be higher than any post Global Financial Crisis (GFC) year except 2012. Around half of the sales in New Zealand of properties in excess of $2 million will be to offshore entities.
COLLIERS INTERNATIONAL
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