Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

Manukau Economy Sails Through Choppy Times

5 April 2002

Manukau Economy Sails Through Choppy Times

The economic downturn in many countries following the terrorist attacks of September 11 has not impacted substantially on Manukau, mayor Sir Barry Curtis says.

Latest figures show there was a sharp improvement in economic performance over the past quarter, led by manufacturing and the housing market. And Manukau's economy is still growing faster than the national average.

Manukau's growth rate for the 2001 year was 2.6%, compared to the national rate of 2.4%. Growth in Manukau is expected to outstrip the national average for the rest of this year.

A major factor is the flood of migrants coming into the country since late last year. In January, New Zealand took in more migrants than in any other month -11,300. Over last year as a whole there was a net increase of 16,000.

"Young New Zealanders may think their country backward and dull and flock overseas to see the world but, more and more, people from other nations are recognising what we have to offer is unique and precious, and are eager to come here to live," Sir Barry says.

At the present rate of monthly migration up to 40,000 people will be added to New Zealand's population in the coming year. Most will choose to live in the Auckland region if past trends continue. This inflow of people is having a very strong economic impact. Many migrants are settling in Manukau, helping to boost the housing market in the city.

House sales are up fifty per cent on a year ago and Manukau City Council issued 28% more residential building consents in February compared to a year earlier. Demand for housing is growing faster in Manukau than in the rest of New Zealand.

Other factors helping to keep the market buoyant have been low mortgage rates and rising house prices.

The bulk of the growth in the housing market has been in the East Tamaki and Botany areas. The population in the Howick-Wiri corridor is expected to increase by 50,000 by the year 2010.

In the business sector the number of new building projects fell substantially. However there's been a pickup in recent months and that's expected to be maintained.

Among the large projects currently underway are a 4 million dollar new head office of DB Breweries in Papatoetoe and a 2.3 million dollar warehouse in Manurewa.

Development around the Auckland International Airport continues at a fast pace. In future the airport zone is expected to become the largest single business development zone in the country.

Manufacturing continues to expand and a new beef processing plant is expected to open in Mangere later this year, creating 500 jobs.

"New roads and transport options will be needed to deal with those extra people and I am pleased to say this is going to be a watershed year for improvements to road and passenger transport," Sir Barry says.

"Manukau City Council is committed to completing the roading network and other infrastructure needed to facilitate economic growth and make the future happen.

"So the prospects for Manukau in the coming year are very positive. Over the past five years Manukau has had the highest growth rate of any city in New Zealand, and I fully anticipate that will continue."

Ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election