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

 

Dunedin economy on an even keel

(Dunedin, 22 August 2019) - A steadily growing economy and marked growth in the housing market underscore Dunedin’s continuing positive trends in many areas.

Dunedin’s GDP has increased 2.3% over the June 2019 year and the unemployment rate dropped to 6.0% from 6.6% the previous year, despite softening national growth expectations.

Dunedin City Council’s Enterprise Dunedin Director, John Christie, says, “We’re happy with the steady performance of Dunedin’s economy. It’s giving us a firm base to build on when planning for the major projects occurring here in the next decade or so.

“While the relatively high level of unemployment is a concern, we are heartened by the number of new job opportunities being created in the city and look forward to continuing decreases in our unemployment rate moving forward.”

Average house values in the Dunedin market grew by a substantial 12.1% in the June 2019 year, reaching $447,000. The number of houses sold grew by 1.9%, while national sales eased backwards by 0.9%.

Mr Christie says, “While it’s good to see a robust local housing market, where we’re catching up with property values in the rest of the country, it does place pressure on the city’s affordable housing supply. This underscores the importance of the work the council is doing to address shortages. We need to bear in mind current need and the future demand from workers coming into the city for the new Dunedin Hospital build and other projects occurring over the next decade.”

Income from Dunedin tourism has grown year on year since 2010. The 12 months to June saw a 2% tourist expenditure increase to $771m, up from $756m the year before.

While guest nights were down 3.5% as compared to the same period the previous year, large-scale events in 2018 such as the Ed Sheeran concert weekend and All Blacks match would likely have contributed to these results.

See the full report here: https://ecoprofile.infometrics.co.nz/Dunedin+City/QuarterlyEconomicMonitor

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The RWC, And The Op Burnham Inquiry

Testimony was given that damning evidence had been culpably ignored, lost or (deliberately?) mislaid. The systems for handling secret material from our allies were – to be charitable – only loosely observed.

Moreover… vital evidence was only belatedly made available to the inquiry, and former NZDF officers later found to be central to the events under scrutiny were strangely missing from the original witness list offered by NZDF. In short, last week’s cross-examination of the military’s former top brass demonstrated in detail that the NZDF had consistently misled its Ministers (and the wider public) for years, over the impact of our military activities in Afghanistan. More>>

 
 

Guns, Lobbying: National Has Wish List For Arms Bill

National has today outlined the 13 changes we want to see in the second tranche of gun reforms before considering our support, National’s Police spokesperson Brett Hudson says. More>>

ALSO:

Call For Action On Expert Panel Report: Welfare System Needs Urgent Change

If we want New Zealand to be the best place in the world to be a child, the Government needs to increase benefits, remove sanctions, individualise benefits, and fix abatement rates now, says Child Poverty Action Group and ActionStation . More>>

ALSO:

First Data Releases: Mixed External Report On Census Fail Mitigation

The panel endorses the statistical approaches used to mitigate non-response... However, the unprecedented use of alternative government datasets to augment census data raises questions around ethics, social licence, cultural licence, and Māori data sovereignty. More>>

ALSO:

Aitches: Manawatū-Whanganui Region Spelling Corrected

The Manawatu-Wanganui Region will in future be correctly spelt Manawatū-Whanganui Region. The change also means the regional council will be known as the Manawatū-Whanganui Regional Council. Horizons Regional Council is the trading name for the council. More>>

PM In Japan: Jacinda Ardern’s Remarks Following Abe Summit

Today we discussed a wide range of topics. Broadly the themes were: a deeper, high-value trade and investment relationship, greater cooperation in the Pacific; and strengthening our security partnership. More>>

ALSO:

Replacing All But Chair: Twyford Appoints Five NZTA Board Members

Transport Minister Phil Twyford today announced the appointment of five new members to the NZ Transport Agency Board... There remain two vacancies on the NZTA Board which will be filled in due course. More>>

ALSO:

Climate Change: Adaptation And Risk Assessment Framework Released

“We are already experiencing the effects of a changing climate such as coastal inundation and increasingly frequent and severe droughts, floods, fires and storms. This framework is an acknowledgement that we must start adapting”, James Shaw said today. More>>

ALSO:

Ihumātao: Mana Whenua Reach Decision On Land

Māori King Tūheitia says mana whenua have finally reached consensus over what to do with Ihumātao - they want it back. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels