We buy NZ commercial property for you.
Higher yields. No stamp duty. No land tax. Our on-the-ground team sources, negotiates and settles the deal, without you ever leaving home. Book a free strategy call.
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Why NZ commercial property is a smart move now
No stamp duty. No land tax. Prime yields around 6.5%.
Attractive relative value
After the recent rate cycle, quality New Zealand assets are keenly priced across several sectors. For an Australian investor, that means genuine long-term entry points in a market you already understand.
Strong lease structures
NZ commercial leases typically feature annual rent reviews, CPI-linked increases, high outgoings recovery and long terms. The result is predictable, low-drag income and less operating risk for the owner.
Prime yield stability
Prime yields remain compelling versus many other asset classes. Industrial, large-format retail, healthcare and essential-service retail continue to draw both institutional and private demand.
Strong fundamentals
Population growth, limited quality supply, infrastructure investment, growing logistics demand, a stable banking system and a transparent common-law framework all underpin values.
Real diversification
Adding New Zealand spreads your exposure across a different economic cycle and currency, and into sectors and assets that simply aren't available at the same value at home.
Attractive relative value
After the recent rate cycle, quality New Zealand assets are keenly priced across several sectors. For an Australian investor, that means genuine long-term entry points in a market you already understand.
Strong lease structures
NZ commercial leases typically feature annual rent reviews, CPI-linked increases, high outgoings recovery and long terms. The result is predictable, low-drag income and less operating risk for the owner.
Prime yield stability
Prime yields remain compelling versus many other asset classes. Industrial, large-format retail, healthcare and essential-service retail continue to draw both institutional and private demand.
Strong fundamentals
Population growth, limited quality supply, infrastructure investment, growing logistics demand, a stable banking system and a transparent common-law framework all underpin values.
Real diversification
Adding New Zealand spreads your exposure across a different economic cycle and currency, and into sectors and assets that simply aren't available at the same value at home.
We find, negotiate and settle NZ COMMERCIAL PROPERTY for you.
One team runs the whole deal. You just collect the rent.
Off-market deal flow
The strongest NZ commercial deals never hit the open market. We source them through our on-the-ground network.
We work for you, not the vendor
Independent, buy-side only. We're never paid by selling agents and never take vendor commissions. You're the only one paying us.
Hard-nosed negotiation
We negotiate price, terms and clauses using live comparable data — most buyers overpay without it.
Full due diligence handled
Legal, building, financial and tenant due diligence before you are financially committed.
You don't need to fly over
Inspections, meetings and settlement run by our NZ team. You sign remotely.
Track record, not talk
2,000+ acquisitions. A$1B+ in commercial purchased. Every deal comes with numbers to back it.
Off-market deal flow
The strongest NZ commercial deals never hit the open market. We source them through our on-the-ground network.
We work for you, not the vendor
Independent, buy-side only. We're never paid by selling agents and never take vendor commissions. You're the only one paying us.
Hard-nosed negotiation
We negotiate price, terms and clauses using live comparable data — most buyers overpay without it.
Full due diligence handled
Legal, building, financial and tenant due diligence before you are financially committed.
You don't need to fly over
Inspections, meetings and settlement run by our NZ team. You sign remotely.
Track record, not talk
2,000+ acquisitions. A$1B+ in commercial purchased. Every deal comes with numbers to back it.
Invest in a market that works like home.
Same common-law system. Same banking regulator style. Same lease structures you're used to at home, just with better tax settings and a different economic cycle. It's diversification without the learning curve.
Steve Palise, founder of Palise Property
The mind behind Palise Property
Steve Palise built a property portfolio large enough to leave the workforce before he turned 30. Today he leads Palise Property, a specialist commercial buyer's agency helping investors across Australia and New Zealand build wealth and passive income with as little risk as possible.
Before property, Steve was a chartered mechanical and structural design engineer. That analytical mindset now drives every acquisition: property is a numbers game, and the math has to stack up before a recommendation is made.
Steve has secured 2,000+ properties for clients in every Australian capital city and all major regional towns, and is a recognised industry educator with videos, blogs, articles and free resources for the public.
The Process
You don't fly over. You don't chase agents. You sign.
Discovery call
We map how NZ fits your portfolio.
Source & shortlist
Off-market opportunities matched to your brief.
Negotiate & diligence
Terms locked in, then full legal, building, financial and tenant checks.
Settle & grow
You own a quality, low-drag asset.
Discovery call
We map how NZ fits your portfolio.
Source & shortlist
Off-market opportunities matched to your brief.
Negotiate & diligence
Terms locked in, then full legal, building, financial and tenant checks.
Settle & grow
You own a quality, low-drag asset.
Full Due Diligence Handled
Legal, building, financial and tenant due diligence before you are financially committed.
Legal & title
CheckedTitles, zoning, contracts and compliance reviewed.
Building & condition
CheckedStructural, services and capital-expenditure risks assessed.
Financial & returns
CheckedNet income, outgoings recovery and yield verified.
Tenant & lease
CheckedCovenant strength, WALE and review structure checked.
Legal & title
CheckedTitles, zoning, contracts and compliance reviewed.
Building & condition
CheckedStructural, services and capital-expenditure risks assessed.
Financial & returns
CheckedNet income, outgoings recovery and yield verified.
Tenant & lease
CheckedCovenant strength, WALE and review structure checked.
A local team. A familiar market.
Our NZ acquisition team lives and works in the markets we buy in — Auckland, Christchurch, Wellington, Hamilton, Tauranga and Queenstown. Same common-law system, same banking regulator style, same familiar leases. You get all of that with none of the flights.
Six reasons Australian investors choose NZ
Tax savings, income and a market recovering.
No stamp duty
on commercial purchases
No land tax
council rates only
No broad CGT
on long-term holds
Strong yields
avg prime yield
Lighter competition
institutional bidders
Early in cycle
RBNZ cuts since '24
No stamp duty
on commercial purchases
No land tax
council rates only
No broad CGT
on long-term holds
Strong yields
avg prime yield
Lighter competition
institutional bidders
Early in cycle
RBNZ cuts since '24
Where we buy in New Zealand
The markets we buy in, and what they pay.
Auckland
prime industrial vacancy
Christchurch
prime industrial vacancy
Wellington
prime industrial vacancy
Auckland
prime industrial vacancy
Christchurch
prime industrial vacancy
Wellington
prime industrial vacancy
Auckland prime yields by sector
Indicative prime yields across Auckland commercial sectors.
Industrial & Logistics
Tight vacancy, long leases
Neighbourhood Retail
Convenience-anchored strips
Medical
Long WALEs, essential tenants
Childcare
25–30yr occupancy, CPI reviews
Industrial & Logistics
Tight vacancy, long leases
Neighbourhood Retail
Convenience-anchored strips
Medical
Long WALEs, essential tenants
Childcare
25–30yr occupancy, CPI reviews
Deals we've settled in New Zealand
Three recent settlements for Palise Property clients, all in Auckland. All figures are in New Zealand dollars.
Large format retailPenrose
Auckland
- Purchase price
- NZ$2,900,000
- Net rent
- NZ$176,250 p.a.
- Tenant
- Auckland City Honda
- Lease
- 6 years, 3% annual increases
Retail / showroomWestgate
Auckland
- Purchase price
- NZ$3,000,000
- Net rent
- NZ$175,000 p.a.
- Tenant
- Jaycar
- Lease
- 6 years + two 5-year renewals
IndustrialTakanini
Auckland
- Purchase price
- NZ$1,950,000
- Net rent
- NZ$150,000 p.a.
- Tenant
- Established food-industry operator
- Lease
- 5 years + one 5-year renewal
Large format retailPenrose
Auckland
- Purchase price
- NZ$2,900,000
- Net rent
- NZ$176,250 p.a.
- Tenant
- Auckland City Honda
- Lease
- 6 years, 3% annual increases
Retail / showroomWestgate
Auckland
- Purchase price
- NZ$3,000,000
- Net rent
- NZ$175,000 p.a.
- Tenant
- Jaycar
- Lease
- 6 years + two 5-year renewals
IndustrialTakanini
Auckland
- Purchase price
- NZ$1,950,000
- Net rent
- NZ$150,000 p.a.
- Tenant
- Established food-industry operator
- Lease
- 5 years + one 5-year renewal
Figures are approximate and provided as a guide only. Past settlements are not an indicator of future performance.
Bought for yield, held for growth.
Every property is chosen on the numbers first: strong tenant covenant, long WALE, CPI-linked reviews and outgoings recovery. The result is low-drag income today, with genuine long-term capital growth potential built on tight supply and population-led demand.
Trusted by hundreds of investors
Based on 633+ Google reviews
Your work in sourcing the Forrestdale property has paid exceptional dividends. We've seen an annual rent increase of $35,000 and an uplift in the asset value of around $700,000 in just 20 months. Unreal result. I'll be in touch mid next year to go again.
Unbelievable valuation. $1.6M and we signed a new 3+3 lease with market rent review at 3 years, now getting $140 sqm. Valuation has doubled from our purchase price 3 years ago.
We've used a few buyers agents before, but our experience with you was honestly second to none. Really appreciate how smooth you made the whole process.
Your team were great to deal with. They made the process very simple and reassuring. Thanks to Liam, Matt, Belinda and Letitia for answering every query I had. The portfolio's starting to take shape.
Thank you for helping me purchase my first investment property, especially Matt who was available the whole time and acted swiftly. I would still be looking at listings right now if I hadn't engaged Palise Property.
I truly appreciate all your work, especially advocating on my behalf with legal and financial matters. Your support made what could have been a stressful experience so much more manageable, and your guidance has been invaluable.
Really happy with the service. You've all been great to work with, super responsive, and just easy to deal with overall. Looking forward to the next one.
Hopefully the first of many. Having the team involved made navigating the bumps a lot easier. Matt was consistently helpful and Angela's intro calls were smooth and full of valuable information. You have a great team.
Thank you so much. I appreciate your hard work and I'm looking forward to working with you all on the next one. You are all incredible.
Your work in sourcing the Forrestdale property has paid exceptional dividends. We've seen an annual rent increase of $35,000 and an uplift in the asset value of around $700,000 in just 20 months. Unreal result. I'll be in touch mid next year to go again.
Unbelievable valuation. $1.6M and we signed a new 3+3 lease with market rent review at 3 years, now getting $140 sqm. Valuation has doubled from our purchase price 3 years ago.
We've used a few buyers agents before, but our experience with you was honestly second to none. Really appreciate how smooth you made the whole process.
Your team were great to deal with. They made the process very simple and reassuring. Thanks to Liam, Matt, Belinda and Letitia for answering every query I had. The portfolio's starting to take shape.
Thank you for helping me purchase my first investment property, especially Matt who was available the whole time and acted swiftly. I would still be looking at listings right now if I hadn't engaged Palise Property.
I truly appreciate all your work, especially advocating on my behalf with legal and financial matters. Your support made what could have been a stressful experience so much more manageable, and your guidance has been invaluable.
Really happy with the service. You've all been great to work with, super responsive, and just easy to deal with overall. Looking forward to the next one.
Hopefully the first of many. Having the team involved made navigating the bumps a lot easier. Matt was consistently helpful and Angela's intro calls were smooth and full of valuable information. You have a great team.
Thank you so much. I appreciate your hard work and I'm looking forward to working with you all on the next one. You are all incredible.
Representative of feedback from Palise Property clients. Full reviews are available on Google.
2026 / 27Market Outlook
New
Zealand
Commercial
Property
Free 2027 NZ market report
A visual, data-led snapshot of where the market is heading. The same research we use to guide investors, yours to download free.
- GDP rebound and RBNZ rate-cut trajectory
- Sector cap rates and prime yields
- Record-low industrial vacancy data
- The six markets to watch
Real words from real investors
Actual emails and texts from clients we've worked with. Names and identifying details are redacted for privacy.
Trusted advisors for serious investors
Palise Property is a nationwide buyers agency specialising in sourcing and acquiring high-quality commercial and residential property investments for our clients across Australia and New Zealand.
Our experienced team, led by expert and sought-after industry figure Steve Palise, are dedicated to helping investors achieve their financial goals through strategic property acquisitions.
Book your free strategy call
Free, no-obligation strategy call with our NZ acquisition team. We'll map the deal to your portfolio and show you what's live in the market right now.