According to the indicators that we monitor Whanganui’s economy continues to trend positive.
If you have not yet registered for the About Us/Get Digital workshops there is still time to do so. These are well worth attending if you want to find out more about how the internet and social media work. Don’t forget to enter for the Chamber of Commerce Business Awards! This is a prestigious event not to be missed. All of the information here…
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Treasury reports Key economic data releases in July point to stronger economic growth in the June quarter than expected in the Budget Economic and Fiscal Update.
NZ property market -New record median sale prices in 4 regions as winter and lack of supply bite into sales volumes.
Retail card sales for New Zealand have experienced a prolonged period of growth.
New Vehicle sales in New Zealand have still continued to impress with growth still a very health indication of business confidence across the country.
Our traffic light system gives a snapshot of the current economy. In July the trend has picked up with only apparel still under pressure with growth still the dominant feature.
Whanganui’s economy:- very encouraging house sales volumes with a 50% growth in sales volumes over the same month last year sales of new vehicles still up , buildingconsents have shown signs of growth over the longer term. Electronic Card sales yet again positive. Tourism spend is up.
Tender Notifications and expressions interest Contract No.: 1734 – Aircraft Hangar Facility We are inviting tenders from suitably experienced contractors for the Design and Build of an Aircraft Hangar Facility. Contract No.1742: Cement Silo – Demolition We are inviting tenders from suitably experienced contractors for the complete demolition, and disposal of the existing structures located at 4 Todd Street, Whanganui.
Happening in Whanganui…(sorry for repeating this but
If you are keen to get online and have a presence or want to learn more about Social Media and how to promote your business then don’t miss out on the opportunity to attend the Get Digital Workshops sponsored by Whanganui and Partners for free. This is in line with Whanganui already being recognised as one of the a top 7 intelligent communities in the world details below.
Global financial markets stabilised in July but the economic outlook is slightly weaker
Key economic data releases over the past month point to a stronger economy in the June quarter than expected in the Budget Economic and Fiscal Update. Business and consumer confidence are both running above their long-term averages, supported by external demand and consumer spending outturns that were above expectations. Continuing high net immigration (which looks to have peaked), a record number of visitor arrivals and rising export values in the quarter boosted economic activity, only partially offset by the slow recovery in dairy prices and the high NZD…
New record median sale prices in 4 regions as winter and lack of supply bite into sales volumes
Four regions hit new record high median sale prices in July, with the national median sale price rising by $5,000 to $505,000, only $1,000 shy of the record median price reached in May 2016, according to the latest data released today by REINZ, source of the most recent, complete and accurate real estate data in New Zealand.
The Waikato/Bay of Plenty region recorded its eighth record median sale price in nine months, reaching $450,000 (up 2.7% on June 2016), while the median price in Auckland reached $825,000 (up 0.5% on June 2016), Northland reached $376,000 (up 4.4% on June 2016) and Manawatu/Wanganui reached $265,000 (up 6.4% on June 2016).
Inventory continues to fall rapidly nationwide, with a 33% decline in properties available for sale year-on-year and six regions seeing falls of greater than 40%. Wellington and Hawke’s Bay each have less than 10 weeks of supply available, with Waikato/Bay of Plenty at just on 10 weeks supply.
At the same time, the number of residential dwelling sales for July 2016 was 7,299, a drop of 7% on June. Sales volumes also fell 10% compared to July 2015, with sales for Auckland falling just over 20% compared to July last year.
NZ Retail Card Spend (Top) The retail spend for July was still strong with the apparel sector still under pressure. Fuel sales have remained in negative territory which continues to significantly contribute to the current lower inflation rates we have been experiencing. Top Categories were takeaways, bars cafes and accommodation which remains a consistent trend.
NZ New Vehicle Sales (Top) New Vehicle sales in New Zealand have continued to grow and in recent months the 12 month moving average growth has however continued to increased at a slower rate. In July 2015 a total of 7 071 new cars were sold and in July 2016 the figure was once again up to 7 701 a small increase of 0.1%.A new growth spurt has been experienced which is apparent in the 12 month moving average figure.
House sales have lead the way in the local economy with yet again good sales recorded once again the local indicators we monitor are still showing positive growth which is good for Whanganui.
Based on the reports coming in directly from our networks of property agents this sector is doing well and a situation where stock shortages are starting to occur is having a positive effect on building consent applications.
Sales volumes rose 26% compared to July 2015, with sales rising 50% in Wanganui, 35% in Palmerston North and 10% in Levin. Compared to June sales volumes fell 3%, with sales rising 36% in Wanganui and 15% in Palmerston North, but falling across the rest of the region. On a seasonally adjusted basis sales across the region fell 3%.
The median price across the region rose $35,500 (+16%) compared to July 2015 to reach a new record high. Prices rose 40% in Levin, 24% in Wanganui and 20% in Feilding. Compared to June the median price rose $16,000 (+6%), with prices rising 14% in Feilding, 11% in Wanganui and 9% in Levin. On a seasonally adjusted basis the median price increased 4% compared to June.
The number of days to sell improved by one day in July, from 35 days in June to 34 days in July. The number of days to sell improved by 21 days compared to July 2015. Over the past 10 years the average number of days to sell during July for the region has been 52 days. There is currently 16 weeks of supply available across the region, a drop of 13 weeks over the past 12 months.
REINZ spokesman Bryan Thomson noted: “The first home buyer market remains very active with quick sales and increasing number of multiple offers. The comparatively low levels of properties available for sale is also impacting on the rate of sales, with a slight increase in the number of listings well short of the underlying demand across the region.”
Whanganui Card Spend(Top) The top category this month was Appliances with Bars cafes and restaurants still showing continued growth.
Top 3 sectors were
Hardware and Homeware
Bars cafes and restaurants
Hardware and Homeware have made a marked recovery over this reporting period
The bottom three sectors were
Apparel (still affected by changed market dynamics)
Fuel (Lower pump prices- which in effect is a positive)
Card spend comparison by region monthly growth over previous year
Source Market View Card spend comparison by region month growth over previous year
Card spend comparison by region monthly growth over previous year dollar value of goods purchased July 2016.
Source Market View Whanganui once again had better year on year electronic card sales than most of the TLA’s in the Manawatu Whanganui Region and still in line with the New Zealand Spend. Currently the negative spend on fuel is also skewing these results as the price of fuel in Whanganui has been more competitive than New Zealand on Average.
Whanganui New Vehicle Sales (Top) In July 2016 new vehicle sales were up by 6 vehicles sold in the previous year again with 70 new vehicles sold as opposed to 64 in the previous year maintaining the moving average growth rate in positive territory at 1.1% there are large fluctuations in sales from month to month due to a low base number however the overall trend is still positive.
In July there were 78 Building Consent applications. Based on a 12 month moving average we have again seen an improvement in number of consent applications with the value of consents indicating a stable recovery.
WHANGANUI HAS BIGGEST NZ MONTH BY MONTH TOURISM SPEND GROWTH
Whanganui is continuing its rise with local tourism results and topped the list of NZ regional tourism organisations for month to month regional tourism expenditure. Month to month growth for the last 12 months ending July 2016 in Whanganui shows a 31.6% increase for regional expenditure on tourism and this puts Whanganui firmly at the top of the list. The total expenditure for the year includes national and international visitors with 84% coming from other Kiwi’s visiting the district. The national rate for the same period is 4.1%.
Looking at the annual growth figures for regional tourism expenditure, Whanganui still features at the top ranking third with year to year growth of 10.3%. Lake Wanaka and Queenstown take the first two places with growth of 18.8% and 11.9% respectively.
While in terms of total dollar figures Whanganui is only a small portion of national tourism expenditure (0.4%) these figures show a significant shift with people spending more during their stay and staying longer.
(Top) Are you in the over 40% of businesses who still don’t have a web presence? Or don’t have a clue how to use social media as a business tool?
You need to be online and Whanganui needs your business online.
The Whanganui Digital Leaders Forum invites you to #GetDigital with us for Peanuts.
Join us at the Old Fire Station – Cnr Guyton and Wilson Streets Whanganui.
Our Guest Presenter Steve Adams from AboutUs will enable you to create your web presence.
And Whanganui and Partners will provide refreshments.
7 September 2016 3-5pm This session is aimed at the Tourism and Hospitality sector and Paul Kjoss will provide additional info on how Visit Whanganui can extend your online presence. For this session for Tourism and Hospitality Register here
8 September 2016 3-5pm This session is for a wider business audience For this session for the wider business audience Register here
Introduction to Business Seminars GST Workshops (Top) The IRD will be presenting a number of seminars about Starting a business as well as GST workshops , if you know somone who is starting a business or you would like a refresher then this is well worth attending. These seminars are free of charge you just need to book your place.
Introduction to business seminars
Working smarter with the IRD online services
expenses you can claim
good bookkeeping tips
GST and more
15 November 2016
what is GST
record keeping – cash book
IRD online service
using IRD’s interactive Tool for business
20 September 2016
29 November 2016
Where all workshops and seminars are held at : CLAW Whanganui 76 Guyton Street Whanganui
Contract No.: 1734 – Aircraft Hangar Facility We are inviting tenders from suitably experienced contractors for the Design and Build of an Aircraft Hangar Facility. The proposed site is within the grounds of Whanganui Airport, and will be operated by the New Zealand International Commercial Pilot Academy. The scope of work includes, but is not restricted to;
Site clearance – ground works
Pavement – Apron construction
Hangar, Administration, Training and Operational areas
Service connectionsA full copy of the tender documents are available online from Tenderlink.com only at www.tenderlink.com/whanganui Tender Link Reference: WANGDC-734888 Electronic online tender submissions accepted only via www.tenderlink.com/whanganui If you are not already registered with Tender Link, please go to www.tenderlink.com/whanganui to do so. It is free and easy to register. For any Tender Link enquiries, please phone 0800 698 363.
Enquiries regarding any aspect of the contract documents should be submitted in writing (e-mail is acceptable) to the Whanganui District Council, marked for the attention Rick Grobecker at Richard.Grobecker@whanganui.govt.nz and cc’d to WDC’s Airport Manager Allan MacGibbonAllan.MacGibbon@whanganui.govt.nz no later than ten (10) days before the tender closing date. Tenders must be submitted no later than 4.00pm Friday, 9th September 2016. For any further assistance, please contact the Tenders and Contracts Secretary, Lana Treen, email@example.com or on (06) 349 3105. (Top)
Contract No.1742: Cement Silo – Demolition We are inviting tenders from suitably experienced contractors for the complete demolition, and disposal of the existing structures located at 4 Todd Street, Whanganui. The scope of work includes, but is not restricted to;
Site clearance – ground works.
Demolition and disposal of arising’s.
The full copy of the tender documents is available online from Tender Link only atwww.tenderlink.com/whanganui Tender Link Reference: WANGDC-736350 If you are not already registered with Tender Link, please go to www.tenderlink.com/whanganui to do so. It is free and easy to register. For any Tender Link enquiries, please phone 0800 698 363. Enquiries regarding any aspect of the contract documents should be submitted in writing (e-mail is acceptable) to the Whanganui District Council, marked for the attention Rick Grobecker at Richard.Grobecker@whanganui.govt.nz and copied to WDC’s Senior Property Officer, Bill Carswell,Bill.Carswell@whanganui.govt.nz no later than three (3) working days before the tender closing date. Electronic online tender submissions accepted only via www.tenderlink.com/whanganui Tenders must be submitted no later than 4.00pm Friday, 16th September 2016. For any further assistance, please contact the Tenders and Contracts Secretary, Lana Treen, firstname.lastname@example.org or on (06) 349 3105. (Top)