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

 

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

The Nation: Call For Cross-Party Auckland Housing Plan

Penny Hulse calls for cross-party accord on Auckland housing because “it’s too important to score political points on”. More>>

ALSO:

Flu Season: Overcoming Vaccination Reluctance

While research shows that 40% of New Zealand businesses offer free or subsidised flu vaccinations to employees this time of year, HR professionals say persuading staff to participate is the biggest challenge. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news