Registered Valuers. Registered Property Consultants. LINZ Accredited. Hawke’s Bay-based premium quality valuation and creative property strategy©. Leading +$0.5b acquisitions-disposals NZ-wide for 23 years. Valuation litigation and commercial property specialists. Development and public land specialists. Property economy analysts and commentators – for Press.
Turley & Co HB + NZ Economic Indicators Q3-21
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Hawke’s Bay’s economy continues to perform strongly – refer to our Indicators page, for 39 key measures tracked by Team Turley & Co.
Hawke’s Bay new building consents for all categories are up 55% and for residential alone 69% over 24 months. The median house price has increased a massive 53% in 21 months. Unemployment is down 37% from its pre-COVID level to 2.60%. Notwithstanding COVID, annual retail spending to September 2021 increased 18% on the 12 months to June 2019. Napier Port bulk cargo exports up 17% compared to the 12 months to September 2019.
The NZ numbers include a quarterly GDP spike for the June 2021 quarter compared to the December 2019 quarter, Government spending up 11%, and Government debt increased 77% to $102b.
Refer to our Indicators page for prior periods economic metrics.
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