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


Councillor says Wellington economy is in a good place

Wellington City Council Economic Development Portfolio leader Simon Marsh says he is encouraged by the way the city is tracking 18 months after the 2016 Kaikoura earthquake.

“Our economy has clearly grown in the last quarter, our unemployment rate continues to fall and the number of new residential building consents has grown. Wellington is in a good place,” he says.

The Quarterly Economic Monitor for Wellington City for the period ending March 2018 [attached] shows confidence is high in Wellington, with the economy growing by 2.7 percent. This growth increased the city’s GDP to $20.5 billion, with the report noting that the change of government and an improvement in public sector employment could be part of the reason why.

Wellington’s unemployment rate is down to 4.2 percent at the end of March 2018, compared to 4.7 percent for the previous quarter.

The city experienced a gain in permanent and long-term migration of 2,772 people in the year to March 2018, which is nearly double the 10-year average.

The effect of population growth can be seen in house price increases and rents going up, and also a 4.2 percent increase in traffic (against a 2 percent national increase).

“The good news is that people are voting for Wellington with their feet. We are a city that people want to live in,” says Cr Marsh.

Mayor Justin Lester says: “Given our geographical setting, as the population grows, it’s expected that traffic will grow and therefore congestion will also grow, but the Council is responding in a strategic way, particularly with Let’s Get Wellington Moving.

“Housing is at the top of our agenda, and the council will be discussing the Housing Strategy in June. Meanwhile, the market is responding to housing demand, with consents up 32 percent.”

WREDA Chief Executive Lance Walker welcomed the positive growth indicators for the city and in particular the strong population growth. But he says it presents challenges that need to be well planned for and managed.

“Careful planning now can ensure those things that are important to Wellingtonians, and make us the world’s most liveable city, remain. Making the right transport choices through Let’s Get Wellington Moving are important as are decisions around housing and development in important civic assets that add to both liveability and vibrancy.”

The Quarterly Economic Monitor report was independently prepared by economic forecasting agency Infometrics.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

KiwiBailed: KiwiBuild Head Officially Resigns

The head of Kiwibuild, Stephen Barclay has officially resigned from the role. In a statement issued on his behalf, it was announced that he would step down from today [Friday].

Housing Minister Phil Twyford's office said he would not be commenting on Mr Barclay's resignation as it was an employment matter. Last month, Mr Twyford confirmed that Mr Barclay had not been at work for a number of weeks. More>>


Welfare Stats: Rise In Hardship Numbers Shows Income Inadequacy

The latest Ministry of Social Development quarterly report show that a record number of people have received hardship assistance from work and income, with an additional 40,000 hardship payments made between September and December 2018, compared to the previous quarter of the same year... More>>


DHBs "Prepared": Junior Doctors Strike Again

The needs of acute patients will be met during tomorrow's junior doctor strike, a DHB spokesperson says... Almost 3000 junior doctors are expected to walk off the job, which will affect all DHBs apart from West Coast District Health Board. More>>


Gordon Campbell: On MBIE’s Social Media Scam

Given the ambit of MBIE’s work, almost any form of social activity could qualify as being part of MBIE’s brief, so the privacy threats posed by this training programme are extensive. The current oversight safeguards seem threadbare to non-existent. More>>


JusTrade: New Campaign For A 21th Century Trade Agenda

‘Critique is no longer enough. If anything is to really change, we need to step away from the existing framework and take a first-principles approach to rethinking what will work for the 21st century.’ More>>


Gordon Campbell: Thompson + Clark Are The Tip Of The Iceberg

How can we tell where and how any lines are being drawn? Oversight is not exactly robust. If it were, Thompson + Clark would have been out of contention for state security work ten years ago. More>>

Trainers: Taratahi Institute of Agriculture In Interim Liquidation

Taratahi employ 250 staff and this year has provided education to over 2500 students. Taratahi owns and manages 8 farms throughout the country. More>>


IPCA Report: Complaints About Deputy Commissioner Wallace Haumaha

The Authority has found that DC Haumaha acted improperly by approaching staff and others to provide information to support him to refute the allegations about his 2016 conduct, or solicited other staff to do so on his behalf... More>>





InfoPages News Channels