New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Thematic (Sector/Industry)

New zealand Real estate / Thematic (Sector/Industry)

<ul><li>Following a turbulent few years the listed property sector had a solid year, returning +5.6% in 2023.</li><li>After a strong first-half of the year, proposed tax changes and higher long bond rates derailed the sector, before a drop in bond rates in the final quarter drove a strong finish to the year.</li><li>The sector lost some of these gains through January as long bond rates ticked higher on solid economic data.</li></ul>

Following a turbulent few years the listed property sector had a solid year, returning +5.6% in 2023.After a strong first-half of the year, proposed tax changes and higher long bond rates derailed the sector, before a drop in bond rates in the final quarter drove a strong finish to the year.The sector lost some of these gains through January as long bond rates ticked higher on solid economic data.

Real Estate Reflections - Five Themes for the Year Ahead