12 areas record economic growth
Monday 23 August 2004
Gisborne and Manawatu and Wanganui topped economic growth in the past few months, but Wellington started to lag.
By The LandlordThe latest National Bank survey of economic activity published today shows a rise in economic activity in 12 out of 14 regions for the three months to June.
Gisborne recorded growth of 2.5 per cent and Manawatu and Wanganui 1.8 per cent for the June quarter.
Wellington was at the back of the pack and almost static with 0.1 per cent growth in the June quarter. However, Wellington's year-on-year growth was 3 per cent – still above the long-term average of 2.7 per cent, National Bank economist Steve Edwards said.
Hawke's Bay and Otago were the only two regions to lose ground in the June quarter.
Read More - Opens in a new window
Commenting is closed
There’s been a rallying of the market with the latest REINZ data showing both sales volumes and median house prices noticeably up with the onset of Spring.
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Auckland-based commercial property disrupter, Jasper, has raised $2.3 million in seed funding following investment from European asset manager M7 Real Estate.
LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.