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

 

Marlborough’s economic growth continues


Marlborough’s economy grew a healthy 2.1% in the 12 months to June 2019, slightly below the national average of 2.5%, Infometrics says in its latest quarterly economic update.

Marlborough has experienced some years of strong population growth. Health enrolments, which are a proxy for population growth, rose by 2.1% here in the June year, indicating that the population continues to grow strongly.

Marlborough’s unemployment rate averaged 3.4% in the 12 months to June, well below the national average of 4.1%. Growth in traffic volumes of 3.5% shows strength in underlying economic activity, well ahead of the national increase of 1.5%.

A growing population has driven demand for housing, which has in turn been fueling house price growth. Marlborough house values grew by 6.6% and reached an average of $477,000 in the 12 months to June, considerably lower than the national average of $687,000. Despite the growth in prices, housing is more affordable in Marlborough now than in the period just before the global financial crisis. House sales increased by 2.6% compared to the previous year, well ahead of the rest of the country which declined by 0.9%.
Although the number of residential consents were down to 249 for the year to June, off a peak of 332 a year ago, housing consents are still at a level well above the 10-year average of 230. Non-residential building has reached a level last seen in the construction boom of the late 2000s. The total value of non-residential consents reached $55 million, up 55% on the previous year, with an additional $21m in projects set to be built compared to last year, comprising accommodation, shops and factory buildings.
The tourism boom has contributed to Marlborough’s growth over recent years but there are signs that the days of heady growth are over. Total tourist spending increased by 1.1% to $397 million, lower than national growth of 3.2%, and guest nights in commercial accommodation declined by 3.6%. However, it’s likely this picture would be more positive if private accommodation such as Airbnb was included in the figures.

Electronic card consumer spending in Marlborough increased by 4.1% over the year to June, compared to the previous year. This compares with an increase of 4.0% in New Zealand.

For further information, go to https://ecoprofile.infometrics.co.nz/Marlborough+Region/QuarterlyEconomicMonitor and Infometrics national media release: https://portal.infometrics.co.nz/Articles/Article/9759

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Ellen Rykers on The Dig: Community Conservation – The Solution To The Biodiversity Crisis?

There are backyard trapping networks doing their bit for Predator Free 2050, farmers planting native trees along their waterways, and iwi protecting whenua rāhui. There are 62 biodiversity sanctuaries across 56,000 hectares, with around two-thirds of them community-led. There are citizen scientists counting birds in their backyards and landowners conserving habitat in 3,500 Queen Elizabeth II National Trust covenants.

It’s increasingly clear that a government agency alone cannot combat the biodiversity crisis successfully. These grass-roots initiatives are a growing resource in the conservation toolbox. More>>

Closing This Weekend! Have Your Say On The Issues For NZ's New Biodiversity Strategy

Scoop and PEP invite you to help decide how we should protect and restore our biodiversity over the next 50 years using Scoop’s online engagement platform, HiveMind. HAVE YOUR SAY HERE>>

Biodiversity HiveMind Preliminary Progress Report
Open data report summarising preliminary findings of the Biodiversity HiveMind. Read Progress Report Here>>

 

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:

PM To Japan, New York: Ardern To Meet Trump During UN Trip

“I’m looking forward to discussing a wide range of international and regional issues with President Trump, including our cooperation in the Pacific and the trade relationship between our countries." More>>

PM's Post-Cab: "A Way Forward"

At Monday's post-cabinet press conference, Prime Minister Jacinda Ardern announced a number of actions in response to the Labour Party's mishandling of sexual assault complaints. More>>

ALSO:

Gordon Campbell: On Allegations Of Left Wing Media Bias

“Left wing bias” accusations date back at least to the mid 1990s... The charge of left wing bias was ridiculous then, and is ridiculous now. More>>

Next Wave Of Reforms: Gun Registration And Licensing Changes Announced

“The Bill includes a register to track firearms and new offences and penalties that can be applied extraterritorially for illegal manufacture, trafficking, and for falsifying, removing, or altering markings – which are a new requirement under the Firearms Protocol.” More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels