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


Dunedin - Driving the Region's Economy

Thu, 8 July 2004

Dunedin - Driving the Region's Economy

(Dunedin, Otago, 8 July 2004) Dunedin continues to be the driving force of Otago's increased economic activity and is again exceeding national and regional levels of growth according to latest data. Independent research featured in the latest June 2004 Otago Outlook edition highlights the economic performance of each of the territorial local authorities within the Otago region. Statistics provided by Infometrics show that Dunedin's economic performance is surpassing all areas in the Otago region. This is illustrated by solid gains across all key economic indicators.

A key driver to economic growth has been strong population gains over the last year through migration. Dunedin had 588 more long-term arrivals than departures in the year ended March 2004, representing a 35% increase on the previous year. The City has gained 67% of total net migration for the entire Otago region during this period.

Cr Malcolm Farry, chair of the Council's Economic Development Committee, said: "These latest figures are proof that more people are realising that Dunedin is a great place to live and work. The flow-on effects of positive migration are now showing through in our economy."

Cr Farry underlined that job growth, business expansion, increased opportunities and steady sensible increase of population need to continue. However Cr Farry says, "While celebrating success we must anticipate that fluctuations in the economy will change from time-to-time, and must ensure that we continue to act strategically and proactively." Cr Farry was one of the key drivers of the Council's Economic Development Strategy in 2000, a document that continues to direct the Economic Development Unit's core focus of business development activity.

Increased building activity, house sales and visitor guest nights were other key factors underpinning rising activity in the year ended March 2004. Dunedin saw the largest value of commercial building consents issued of all Otago's five territorial local authorities, rising by 124% from the previous year. Major projects contributing to this increase included the re-development of Farmers department store, Scenic Circle's Dunedin City Hotel and smaller construction projects such as the Edgar Centre upgrade, Esplanade and Seawall redevelopment and the expansion of University College student accommodation. The number of residential building consents issued in the City also recorded a strong increase of 68% over the previous twelve months.

The City's tourism sector recorded a seven per cent increase up on the previous year with the number of visitor guest nights purchased at commercial accommodation properties, reaching 828,000. Growth in guest nights was equalled by Central Otago but surpassed activity in the other local authority areas. Dunedin's property market also performed well; evident by a 12% increase in house sales and a 33% rise in the median house sale price reaching $178,658 to the year ended April 2004.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news