Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


New publication reveals fuel spending impact on development

4 August 2014

New publication reveals fuel spending’s impact on development

New Zealanders are driving less, and using less petrol than a decade ago, but the cost has gone from $3.8b to $7.8b a year says commercial property, architecture, design and research company RCG.

In the launch issue of their publication Constructive Thinking, the company examines the influence fuel spending is having on Auckland household budgets, the economy and city development.

“Auckland households spend on fuel has increased to an average of $4,500 a year, an average that increases with distance from the CBD.” says John Polkinghorne, Associate Director of Research at RCG.

“Ultimately, these added costs percolate through the whole economy. We’ve investigated how much discretionary income has “gone up in smoke” rather than into investments, savings, or retailers tills.”

“When new homes are built on Auckland’s city fringe, instead of more centrally, the residents could easily spend $2,000 more on petrol each year. That’s a drain on their economic resources, and it’s an issue for the environment.”

“As a result mixed-use developments, and inner city living, will become more popular.”

Polkinghorne says the Council aren’t doing enough to enable intensification, and the Unitary Plan won’t help. “There are too many restrictions, and a complex approval process.”

“However, fringe living could be improved by making sure that the outlying areas have access to the services they need, like shops and employment.”

Constructive Thinking goes on to point out fuel spend has a bigger impact on retailer profits than online retailing.

“Internet shopping gets plenty of media attention, but that extra $4 billion spent on fuel has certainly been a bigger drain on the economy (and on retailers’ profits) than the Internet.”

Constructive Thinking is published quarterly, visit http://rcg.co.nz/subscribe to subscribe to the free publication. For more information on RCG, visit www.rcg.co.nz.

About RCG
RCG specialises in property consulting and development, architecture and design, and research and strategy for businesses seeking commercial success. Established in 1989, we provide expert services across a range of sectors from commercial, mixed use, educational, retail, hospitality and tourism to town centres, lifestyle precincts and transport hubs.

We are New Zealand’s leading creator of innovative environments for the retail sector and deliver well-considered, smart solutions that result in commercially successful outcomes.

With the ability to assist at all stages of the development process and with projects
of any size, RCG combines the best thinking, design expertise and skill to create environments that deliver tangible results. For further information please visit www.rcg.co.nz or call 09 303 1501.

About Constructive Thinking
Constructive Thinking is an insight-driven publication that helps clients and subscribers understand the new consumer and uncover commercial property opportunities. Published quarterly, Constructive Thinking is free to subscribers.
The first issue launches Monday 4 August 2pm. For further information please visit http://rcg.co.nz/subscribe.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Net Annual Migration Passes 71,000

A record 71,300 more migrants arrived in New Zealand than left in the January 2017 year, Statistics New Zealand said today. This surpassed the previous annual record set in December 2016. More>>

ALSO:

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news