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CPII Survey January 2017

PRESS RELEASE

27 January 2017

Each month Crockers Property in partnership with independent market research firm Ipsos, survey Auckland property investors for their comments and thoughts on the Auckland property market. The results of the latest CPII survey (Crockers Property Investment Index) are as follows:

This month:

  • Interest in Central CBD apartments has risen to its highest point since tracking began in April 2012

  • The Auckland Rental Property Performance Index has increased as the number of pessimists has fallen, leaving the majority of rental property investors who expect their investments to remain the same over the next 12 months

  • The Auckland Rental Property Investment Index has continued to ease, with fewer looking to increase their Auckland rental property investment and the majority of property investors opting to sit tight and make no changes to their Auckland rental property portfolios

Crockers Property Investment Index

This month the Auckland Rental Property Investment Index has continued to ease. This decline has been driven by a decrease in those looking to increase their Auckland rental property investment, leaving the majority of property investors to ‘sit tight’ and make no changes to their portfolios.

The increase seen in the Performance Index is largely due to a decrease in the proportion of pessimistic investors who believe their rental property investments will perform worse over the next 12 months. In contrast, the majority of rental property investors expect their investments to remain the same over the next 12 months.

The movements seen in the rental property indices could be as a result of increased rental prices in the Auckland region, as more prospective buyers are priced out of the property market.

Expected Rental Property Investment Performance – Next 12 Months

The proportion of property investors who expect the return on their rental property to improve over the next 12 months has improved slightly, but remains below the April 2016 high. Meanwhile, the proportion of those who expect their returns to get worse has decreased. The proportion of property investors who expect their returns to remain the same has increased in January to its highest point since November 2015.

Planned Rental Property Investment Changes – Next 12 Months

The proportion of investors looking to increase their property investments over the next 12 months has fallen in January. However, this is mostly due to an increase in the proportion of investors who are planning to make no changes to their property portfolios over the next year, with the proportion planning to divest remaining stable.

Investment Likelihood

Interest in Central CBD apartments has risen to its highest point since tracking began in April 2012. Other Residential has stabilised following two consecutive months of decline, while interest in Apartments elsewhere and Commercial property has softened slightly this month.

Watch our January 2017 CPII Survey results video


Research Details
This research, undertaken by Ipsos on behalf of Crockers, surveyed members of the Crockers Market Research subscriber’s database during January 2017. Respondents included property owners, residential and commercial landlords, property managers, estate agents and tenants. This is an ongoing series of monthly surveys, delivering a regular barometer of property investors’ confidence in the Auckland market.

    For more details, please contact:
          Kim Sinclair | Marketing Manager, Crockers Property | kims@crockers.co.nz | 09 623 9515
          Jonathan Dodd | Research Director, IPSOS Ltd | jonathan.dodd@ipsos.com | 09 538 0500

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