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.
Your first step into New Zealand commercial property.
Tell us a bit about you and we'll call to book your free strategy session.
260+ Media Features Including:
8 reasons New Zealand stands out
Here's what's driving investor confidence right now, at a glance.
- 1
No stamp duty
NZ has no stamp duty on commercial property. On a $2M purchase that's roughly $95k–$110k of Aussie cost simply not there, capital that goes straight into the asset instead.
- 2
No land tax
No annual state land tax bill dragging on portfolio yields. You pay council rates and that's the holding cost.
- 3
No broad capital gains tax
For long-term commercial holds outside the bright-line rules, there is no general CGT regime, keeping more of the upside on exit.
- 4
Rates cut 300bps and easing further
The RBNZ has taken the Official Cash Rate from 5.50% to 2.50% since Aug 2024. Cheaper debt lifts serviceability and asset values in the same move.
- 5
Prime yields averaging 6.53%
Prime yields average 6.53% across the main centres, with industrial and logistics around 6.9% and neighbourhood retail around 6.5% — income you can bank on from day one.
- 6
Industrial vacancy near record lows
Auckland prime industrial vacancy is around 1.1%. CBRE projects 3–4% annual rent growth in industrial through 2026–2027.
- 7
Less institutional competition
Fewer super-funds and REITs crowding sub-$5M assets means better buying for private investors and a genuine chance to secure quality stock.
- 8
Genuine diversification, familiar rules
A different economic cycle and currency spread your risk, while the same common-law system and similar lease conventions mean you aren't starting from scratch.
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, similar lease conventions, and a different economic cycle that adds genuine diversification, backed by better tax settings than at home. It's a market you can pick up quickly, without starting from scratch.
Steve Palise, founder of Palise Property · Meet the full team
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 nationwide buyers agency specialising in commercial and residential property investments for clients across Australia and New Zealand.
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 maths 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 FREE property courses, books, a podcast, videos, tools and calculators available to the public.
The Process
You don't fly over. You don't chase agents. You sign.
Discovery call
A conversation where you share your current position, your life and investment plans.
Strategy
Together, we'll build a plan that will meet your long term property goals.
Search
Using our industry relationships, we'll source on and off-market deals across our network.
Due diligence
Feel confident knowing our team stress-tests every deal to minimise risks and make informed decisions.
Negotiation and settlement
We'll negotiate the best possible price so you don't overpay, and provide full settlement support.
Post-settlement
Our relationship doesn't end here. We stay connected to ensure all is running smoothly and find your next investment opportunity.
Discovery call
A conversation where you share your current position, your life and investment plans.
Strategy
Together, we'll build a plan that will meet your long term property goals.
Search
Using our industry relationships, we'll source on and off-market deals across our network.
Due diligence
Feel confident knowing our team stress-tests every deal to minimise risks and make informed decisions.
Negotiation and settlement
We'll negotiate the best possible price so you don't overpay, and provide full settlement support.
Post-settlement
Our relationship doesn't end here. We stay connected to ensure all is running smoothly and find your next investment opportunity.
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.
Where we buy in New Zealand
The markets we buy in, and vacancy rates.
Auckland
industrial vacancy
Queenstown
industrial vacancy
Wellington
industrial vacancy
Christchurch
industrial vacancy
Auckland
industrial vacancy
Queenstown
industrial vacancy
Wellington
industrial vacancy
Christchurch
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
See the type of deals available in NZ
Three New Zealand commercial properties that have sold, to show the kind of assets and yields on offer. All figures are in New Zealand dollars.
IndustrialHornby
Christchurch
- Sale price
- NZ$4,100,000
- Size
- 1,400 sqm
IndustrialRolleston
Christchurch
- Sale price
- NZ$4,400,000
- Size
- 2,385 sqm
RetailOtahuhu
Auckland
- Sale price
- NZ$1,830,000
- Size
- 525 sqm
IndustrialHornby
Christchurch
- Sale price
- NZ$4,100,000
- Size
- 1,400 sqm
IndustrialRolleston
Christchurch
- Sale price
- NZ$4,400,000
- Size
- 2,385 sqm
RetailOtahuhu
Auckland
- Sale price
- NZ$1,830,000
- Size
- 525 sqm
Figures are approximate and provided as a guide only. These properties have sold and are not available to buy. Past sales are not an indicator of future performance.
Trusted by hundreds of investors
Based on 700+ 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 investors, real results
Hear directly from investors who have built serious portfolios with Palise Property.
From property sceptic to $6.5M+ portfolio in 4 years
One deal added $500k equity + $20k cash flow in 2 years
A Macca's manager built a $10M portfolio before turning 30
A solo mum added $300k passive income with one property
A Lego side hustle turned into a $1M portfolio in 2 years
Book your free call
A free, no-obligation 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.