About this fund and who it may suit
The Australasian Property Fund invests mainly in New Zealand and Australian listed property assets. Investments may include companies, funds or trusts that invest in property and are listed or intend to list, and cash and cash equivalents.
The Australasian Property Fund aims to achieve a return (after the fund charge and before tax) that over the long-term outperforms the relevant market index.
Minimum suggested investment timeframe is 10 or more years. The minimum suggested timeframe indicates how long to stay invested to manage short-term ups and downs and give your investment time to recover from any drops in value.
How risk affects volatility
The risk indicator for this fund is 5, on a scale from 1 (low) to 7 (high). The rating reflects how much the value of the fund’s assets goes up and down (volatility). A higher risk means higher potential returns over time, but more ups and downs along the way.
OneAnswer – for a more personalised portfolio
The OneAnswer KiwiSaver Scheme is designed for investors with external financial advisers or who want to take a more personal approach to their KiwiSaver account. With access to a wide range of funds investors have the ability to build a customised portfolio.
To join the OneAnswer KiwiSaver Scheme, contact your financial adviser or complete the application form at the back of the OneAnswer KiwiSaver Scheme Product Disclosure Statement (PDF 906.3KB).
Fund performance
Performance as at 30 June 2026
Performance is after the annual fund charge and before tax.
3 months | 1 year | 3 years (p.a.) | 5 years (p.a.) | 10 years (p.a.) | Since launch (p.a.) | |
|---|---|---|---|---|---|---|
Australasian Property Fund | 8.78% | 4.68% | 0.73% | -2.80% | 3.38% | 5.23% |
What the fund invests in
The fund invests mainly in New Zealand and Australian listed property assets. Investments may include:
- Companies, funds or trusts that invest in property and are listed or intend to list
- Cash and cash equivalents.
This chart shows the mix of assets that the fund generally intends to invest in – 100% listed property.
See the fund's investments in the full portfolio holdings spreadsheet:
Fund fee
% of your investment balance | |
|---|---|
Australasian Property Fund annual fund charge | 1.03% |
Unit price
A unit is a small share of the overall fund. The unit price is the price of one unit.
The unit price is calculated by dividing the fund’s net asset value by the number of units in the fund.
Fund quarterly update
Fund insights for last quarter
What happened this quarter (three months to 30 June 2026)
Australasian listed property delivered positive returns during the quarter, supported by improving market conditions and a recovery in broader equity markets. Falling oil prices later in the period helped ease inflation concerns, while declining bond yields provided support for property valuations after a challenging start to the year.
In New Zealand, listed property recorded positive returns, although ongoing concerns around economic growth and consumer confidence continued to temper enthusiasm towards the sector. The Reserve Bank of New Zealand kept the Official Cash Rate unchanged at 2.25% throughout the quarter, while business confidence improved noticeably towards quarter end.
Across the Tasman, Australian listed property outperformed the broader Australian share market, supported by strong performance from retail, logistics and data-centre-related property companies despite the Reserve Bank of Australia raising interest rates during the quarter.
Relative performance was supported by stock selection across both New Zealand and Australian property markets. Underweight positions in Argosy Property and Precinct Properties contributed positively as both of these local market heavyweights lagged the return of the property sector over the quarter. The fund also benefited from its modest off-benchmark holding in DigiCo Infrastructure REIT, an owner, operator and developer of data centres in Australia, which performed strongly on the back of several simplification initiatives and investor enthusiasm for these types of property assets.
Offsetting these positives were several Australian positions. Underweight exposures to Charter Hall Group and Goodman Group detracted from performance as those companies delivered strong returns during the quarter. Goodman, in particular, continued to benefit from investor demand for logistics and data-centre-related property exposure. Overweight positions in Dexus and Arena REIT also weighed on returns.
Overall, positive stock selection across the fund largely offset the detractors, resulting in performance that was broadly in line with the benchmark over the quarter.
How global and local markets performed last quarter
Choosing a fund
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Important information
ANZ New Zealand Investments Limited (‘ANZ Investments’) is the issuer and manager of the ANZ KiwiSaver Scheme, the OneAnswer KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme (no longer a default scheme and closed to new members). For the scheme guides and product disclosure statements see KiwiSaver documents and forms or ask at any ANZ branch.
This material is for information purposes only. Please talk to us if you need financial advice about your situation and goals or about our products and services. See our Financial advice provider disclosure statement (PDF 39.9KB).
Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.