Q42015
2015| COLLIERS
| COLLIERS
INTERNATIONAL
Q4
INTERNATIONAL
DUNEDIN
DUNEDIN
UNIVERSITY
INVESTMENT
STUDENT INVESTMENT
MARKET SALES REPORT
MARKET SALES REPORT
FOURTH QUARTER - 2015
SUMMARY OF 3rd QUARTER 2015
As the year draws to a close, we can start to reflect on what has been
outstanding conditions for the market in recent times. As investors around the
country find their own markets changing for different reasons in Auckland,
regional North Island, Canterbury and Central Otago, many buyers have turned
their attention to Dunedin as an investment hot spot.
On a year to date comparison, 2014 delivered a 60/40 split of Dunedin buyers to
out-of-town buyers respectively, which has remained relatively similar since
2012. This year however, the split is 45/55 in favour of out-of-town investors,
and with a huge increase in volume, the intensity in the numbers of out-of-town
buyers investing in our market has skyrocketed. For the third consecutive
quarter, volumes in the Campus market are still peaking and interest in the North
and City markets have continued to grow.
No.
of Sales
Median
Price
Median
Yield
Campus
$9.63m
22
$440,000
7.27%
North
$6.07m
19
$285,000
7.65%
City
$4.84m
9
$475,000
7.72%
AVERAGE YIELD BY LOCATION
Why Colliers? – Dynamic Student & Residential Investor Database
We can tell you exactly how many ‘qualified and active’ investors want to buy
your property, whether you’re in the heart of the campus area on the south side
of Albany Street or if you have 4-bed flat in North East Valley.
7%
6%
Q2
Q3
Q4
Q1
Q2
2013
Q3
Q4
Q1
Q2
2014
Q3
2015
NUMBER OF SALES BY LOCATION
Campus
North
City
25
20
15
10
5
0
If you are on the look-out for a specific property and don’t want to miss out,
send me an email and we will forward you the criteria to select your specific
requirements ([email protected]).
If you own a property, test us. Contact me and I’ll tell you exactly how many
buyers are looking for your property. On–market or off-market, we have the
most qualified buyers and the best marketing tools in the industry to ensure your
property is in front of the best buyers for you.
Whilst all care has been taken to provide reasonably accurate information within this report, Colliers International
cannot guarantee the validity of all data and information utilised in preparing this research. Accordingly Colliers
International New Zealand Ltd, do not make any representations of warranty, expressed or implied, as to the accuracy
of completeness of the content contained herein and no legal liability is to be assumed or implied with respect thereto.
colliers.co.nz/otagouni
colliers.co.nz/otagouni
City
8%
5%
Number of Sales
We can match properties to buyers and buyers to properties on specific criteria
designed for the Dunedin investment market, and we have enjoyed huge success
in selling properties by matching up buyers directly.
North
9%
Databases can be very powerful tools when it comes to selling your property, but
many mis-understand what a true investor database actually is. A generic
mailing list is only a shot-gun approach of unqualified email addresses, whereas
Colliers operate a true dynamic investor database.
Every buyer we deal with is asked firstly if they want to be on a student and
residential investment mailing list (it is illegal under the Unsolicited Electronic
Messages Act 2007 to add an email address to a mailing list without first
obtaining consent, and the acts states a person enquiring about a property does
not constitute ‘inferred’ consent). Then we profile buyers on their investment
criteria to match them to specific properties. This is the key to a truly qualified
investor database.
Campus
10%
Average Yield
Yields appear to be starting to split however. Remember, the yield in the table to
the right is based on the averages. Good, well maintained property is in hot
demand and yields are driving down below the 7% mark consistently in the main
Campus area, but we have also seen a surge in interest in high yielding property,
which balances out the average. A significant point to note is the North area,
encompassing North East Valley, where buyers have focused their attention on
well maintained, quality property and consequently putting pressure on yields as
they fall to new lows, effectively raising the price of property in this location.
Total
Sales Value
Q2
Q3
2013
Q4
Q1
Q2
Q3
Q4
2014
Q1
Q2
Q3
2015
Source: Colliers International Dunedin
Matt Morton
Student & Residential
Investment Sales
021 577 800
[email protected]
Mac Property Services Limited licensed under the REAA 2008
Q4 2015 | SALES REPORT | COLLIERS INTERNATIONAL
colliers.co.nz/otagouni
A Colliers International Publication
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