The impact of property title type on residential property returns
Residential property in New Zealand comprises both freestanding residential properties and medium to high density residential properties. Medium to high density residential property comprises the typical units, townhouses and semi-detached houses common in most residential property markets. However, in many of the larger cities of New Zealand the free standing residential property market has evolved into two separate markets being freehold residential property and cross lease residential property. Cross leases have developed as a form of infill housing to reduce the urban sprawl in major canters, while reducing the time and cost for residential property developers. A cross lease is created when an existing freestanding residential property subdivides a portion of the existing land for the erection of another house on the original title, basically dividing one larger residential section into two smaller residential blocks. This paper will analyse house prices in Christchurch over the period 1992 to 2006 to determine if the various housing markets have shown similar capital returns or if there is a specific preference for a particular residential property title.... [Show full abstract]
TypeConference Contribution - Published (Conference Paper)
Showing items related by title, author, creator and subject.
An Exploratory study of the performance characteristics of the property vehicles listed on the New Zealand Stock Exchange (NZX) Simpson, Jane H. (Lincoln University, 2013)There are two listed property investment vehicles on the New Zealand Stock Exchange (NZX), namely Listed Property Trusts (LPTs) and Listed Property Investment Companies (LPICs). Historically the proportion of New Zealand ...
Eves, Chris (Pacific Rim Real Estate Society., 2009-01)The residential property market in New Zealand has been experiencing a boom and bubble period from 2001 through to mid 2007. Following a number of increases in the Official Cash Rate by the Reserve Bank and a decline in ...
Kelly, Jessie E. (Lincoln University, 1999)The role of listed property in New Zealand institutional investment portfolios is analysed. The asset allocations of major New Zealand investment managers is studied over 1993 to 1998. NZSE40 Gross Index, Ord Minnett ...