Comments from Ron Mackersy – July 2018July 9, 2018
The first three months of the financial year have now passed. The market rolls on, but not at the same pace as before. Having visited Australia and the US during the past three months, there are many ‘moving parts’ in these markets which warrant consideration. The world just doesn’t seem as stable as before. New Zealand is tracking well but business confidence is falling. Building costs are out of control and uncertainty remains in the dairy industry. It will be interesting to see how the rest of 2018 pans out.
My role going forward as a consultant to Mitchell Mackersy involves assisting with the ongoing identification of suitable investment opportunities and securing these assets for investors. There are opportunities aplenty out there – but many don’t produce the long term results we think are required. One area of particular emphasis currently is Tauranga – a market which is displaying some compelling fundamentals at the moment. To this extent we have secured office space there to enable more efficient management of existing assets as well as assessment of further opportunities. We are looking to appoint permanent staff based in Tauranga during the next six months.