About Us

Property Economics is one of New Zealand’s leading firms in property market analytics and economic enquiry providing tailored research services to both the Private and Public sectors.

Using the latest research techniques, Property Economics’ experienced team of economists design customised research packages to meet the specific requirements of each client, providing innovative, insightful and practical market intelligence that enables strategic decision making to be made with confidence.

We advise on major property developments and urban growth strategies throughout New Zealand, delivering bespoke research, evaluation and direction that arms clients with a more detailed understanding of consumer markets and behaviour.

Our in-depth knowledge of commercial drivers fuelling property sector movement and trends, the commercial realities of private sector development, and implications of various planning policies enables Property Economics to lead the way in understanding and advising on the future of New Zealand’s communities and cities.​

The Team

Tim Heath

Managing Director
BA (Geography), BPlan

  • tim@propertyeconomics.co.nz

Tim is a renowned expert in strategic property research having lead over 1500 projects for large corporate clients and government institutions over the past 20 years.

Tim’s comprehensive knowledge of property market drivers allows Property Economics to deliver research that builds a bridge between planning ideology and commercial realities to ensure recommendations have ‘real world’ practicality and can be successfully implemented.

Tim is frequently sought to provide expert evidence on matters relating to land use planning and large-scale developments at Board of Inquiry, Environment Court and Council Hearings.

Phil Osborne

Senior Economist
MCom (Development Economics), MPlan

  • phil@propertyeconomics.co.nz

Phil has over 20 years experience in business analytics and economic development, both in New Zealand and internationally. He has extensive experience in both public and private consultation for econometric modelling, property sector inquiry and economic cost-benefit analysis.

Phil has also lectured at key Australasian Universities and has consulted to the United Nations Advisory Group for Economic Development. This background allows Philip to bring an incisive perspective to any strategic project, providing economically grounded solutions to planning and property market issues. 

Phil is also vastly experienced in presenting economic evidence in the Board of Inquiry, Environment Court and Council Hearings environments.

Stephen Ellis

Economic Analyst
BEng(Hons) (Engineering Science), BCom (Economics and Finance)

  • stephen@propertyeconomics.co.nz


With his background in Engineering Science and Economics, Stephen brings a strong quantitative skillset to his work with Property Economics.

Stephen is extensively involved with economic modelling, using his background in mathematics, statistics and data science to provide outputs and insights with accuracy and efficiency.

Prior to joining the team Stephen undertook data driven research projects focusing on residential energy efficiency and neuroscience.


Expertise and Services

Property & Retail Economics

Leader in property market analysis and preparation of commercially practical market assessments, as well as strategic planning evaluations for private sector developers and government agencies throughout New Zealand.

Property Economics is at the forefront of New Zealand property market analysis and market leader in the preparation of commercially practical market assessments and strategic planning evaluations for private sector developers and government agencies throughout New Zealand. Our enviable performance history is evidenced via the many enduring relationships with New Zealand’s leading development companies and government authorities since the formation of Property Economics in 2003.

Our economic modelling is unique in NZ in that we build demand models based around ‘Sustainable Demand’ customised for each market of concern. Our modelling ensures outcomes that provide quality and commercially viable economic environments that have the propensity to trade successfully over an extended period of time, rather than just ‘survive’.

  • Retail centre market assessments
  • Retail Impact Analysis
  • Retail floorspace supply audits
  • Retail trend analysis
  • Residential demand/supply analysis
  • Environmental court expert witness
  • Cost Benefit Analysis

Economic Research & Modelling

Property Economics has a team of experienced, highly skilled economists who provide research, analysis and industry specific direction to a vast array of both private and public clients.

Property Economics has a team of experienced, highly skilled economists who provide research, analysis and industry specific direction to a vast array of both private and public clients.

As a team we have been instrumental in providing analysis that allows Councils and Government agencies to understand the potential for projects and strategic planning directions to stimulate economic growth and community wellbeing. Property Economics are highly proficient in all accepted forecasting techniques with significant experience in dissecting markets to provide both high level and localised projections of economic activity.

A key advantage provided by this team is its ability to bring together both quantitative and qualitative aspects of a project and provide clear understanding of their comparative value. This offers clients the information platform necessary to make both financial and development decisions while providing clear rationale for the decision making process in terms of both private and public economic benefits.

The information provided by Property Economics has been utilised as evidence in many hearings and Court cases in support of plan changes as well as various Councils’ strategic documents.

  • Growth Modelling
  • Retail Expenditure Modelling
  • Cost Benefit Analysis
  • Economic Impact Assessments

Urban & Strategic Planning

Expert knowledge of markets throughout New Zealand with extensive experience in developing business and land use strategies from local through to regional level within New Zealand.

Property Economics has built-up a detailed working knowledge of markets throughout New Zealand, with extensive experience in developing business and land use strategies from local through to regional level within NZ. Acknowledging the uniqueness of each individual market, Property Economics’ strategies are based on robust modelling and projection techniques that are developed on a case by case basis, taking into account individual market attributes and nuances of each area, rather than simply adopting generic ‘national’ models. Over the company’s history, Property Economics has worked for the vast majority of local and regional authorities throughout New Zealand in various capacities, with its ‘foot print’ embedded in many of the District Plans and Regional Policy Statements operative around the country today.

A particular strength of Property Economics is assisting Councils with strategic forward planning and future market land requirements to ensure Resource Management Act principals around efficiency, wellbeing and enablement are appropriately considered.

  • Future Land Requirement Modelling
  • Growth Trend Studies
  • Store Network Optimisation Strategies
  • Projecting Economic Activity
  • Economic and Social Development Strategies

Consumer Research & Demographic Profiling

Our extensive experience in identifying critical market drivers and trends to underscore our economic understanding of markets allows for a more informed interpretation of qualitative data that scratches beneath the surface to provide more detailed insight, rather than simply reporting just the ‘headline’ facts.

Property Economics provide detailed demographia studies that depict the underlying economic and social characteristics of markets to take the ‘guess work’ out of consumer analysis and market composition.

  • Demographic Profiling
  • Population growth modelling
  • Household and Population Forecasting
  • Market View Data Usage
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