The Property Council's Investment Performance Index was established in 1994 by 20 of New Zealand's leading property owners and managers. Since its inception, the Index has become New Zealand's leading and most credible direct property Index.
The Index is a value weighted, appraisal based Index which measures the income, capital and total returns from institutionally owned property in New Zealand.
The Index has been developed to provide property owners, fund managers and analysts with a benchmark of institutional property performance in New Zealand. The Index is compiled with data collected from New Zealand's largest property investors and managing agents.