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

 


Growth in Waikato district surpasses Wellington

Growth in Waikato district surpasses Wellington, affordability cited.

Waikato is confirmed as the highest-growth district council in the North Island according to the latest figures from Statistics NZ, and housing affordability may be part of the reason.

Positioned in the ‘golden triangle’ between Auckland, Hamilton and Tauranga, Waikato District Council is issuing more consents for new dwellings each year than any other North Island council apart from its closest city neighbours – Auckland, Hamilton and Tauranga.

“The latest figures show we’re even ahead of Wellington,” says Waikato District Mayor Allan Sanson.

In the year ending November 2016, Waikato District Council issued 849 new building consents, up 55% on the previous year. In the same period Wellington City Council issued 751 new building consents, Hamilton City Council 1,245, Tauranga City Council 1,704 and Auckland City 10,137.

Mayor Sanson says, “We are now dealing with more than twice the number of consents for new dwellings than three years ago as the district attracts new residents from both Auckland and Hamilton seeking a small-town or country lifestyle.”

According to the latest QV figures (December 2016) the average value of a house in Waikato district is $429,013 up 24.6% on the previous year, compared with the average house values in Auckland $1,047,179, Hamilton $534,860 and Tauranga $672,197.

“We’re a small district of about 70,000, and expecting to grow to nearly 90,000 by 2030-31, so we’re focussed on managing this rapid growth in sustainable ways. This means we’re seeking ways to build the infrastructure we need while maintaining affordable rates, caring for our environment, and encouraging local employment opportunities to support our growing communities.”

Recent decisions by the Ports of Auckland to establish a major inland port at Horotiu and Yashili to establish an infant formula plant in Pokeno point to growing business interest in establishing in Waikato district he says.

Three South Island councils figure among the top eight issuing new dwelling consents in the year to November 2016 with Christchurch issuing 3,372, Selwyn District Council 1,275 and Queenstown-Lakes District Council 928.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

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:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news