HB + NZ Economic Indicators for Q1-22 | Issue 8

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Turley & Co collated HB + NZ Economic Indicators for Q1-22 

Download the free access reports:

Refer to our Indicators for 43 key measures tracked by Team Turley & Co.  We have added 4 new metrics within the Q1-22 reports:

  • New passenger vehicle and new commercial vehicle sales for New Zealand
  • New electricity connections for all property categories and for residential properties in Hawke’s Bay

 
Hawke’s Bay’s economy overall for Q1-22 continued to perform well.

Infometrics Q1-22 findings for Hawke’s Bay:

Hawke’s Bay new residential building consents are up 50% in 30 months.  Quarterly retail spending in March 2022 was 10.6% higher than it was for Q4-19, notwithstanding COVID.

Napier Port bulk cargo imports and exports have increased 12.3% and 17% respectively on the prior 24 months.

New Zealand has seen a considerably marked inflation spike to 6.9% at March 2022.  GDP increased from $300b December 2019 to $355b March 2022.  Government spending increases are a reoccurring theme since the onset of the COVID pandemic.

Refer to Turley & Co latest commercial-industrial property market reports, including Hawke’s Bay and NZ cap rates and retail occupancy survey.

Refer to our Indicators page for prior periods metrics.

 

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