Welcome to the January 2017 edition of our newsletter. Remember to support the Masters Games this weekend some great events and activities still on!
Whanganui has ended the year on fairly positive note which is also in line with the economic performance of the National economy we also start the new year with a number of events all worth attending check them out. Quick read newsletter To use the navigation aids please use the highlighted red areas to navigate to different sections of the newsletter and use the links ” (Top)” to get back to the top of this newsletter.
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Treasury reports Recent domestic data and business surveys point to a continuation of solid economic and employment growth over the second half of 2016.
NZ property market -Recent domestic data and business surveys point to a continuation of solid economic and employment growth over the second half of 2016.
Retail card sales for New Zealand still in a growth phase for the same period last year.
New Vehicle sales in New Zealand have continued to grow in December which is a positive indicator of business sentiment.
Our traffic light system gives a snapshot of the current economy. In December the trend has been slightly weaker but remained stable with growth still predicted underpinned by a number of projects in the pipeline.
Whanganui’s economy:- positive house sales volumes are down but improvement in median price growth sales of new vehicles appear to have peaked in November with some poor sales recorded in December 2016, building consents have grown. Electronic Card sales were still buoyant but slightly down.
Tender Notifications and expressions interest – None this month
Happening in Whanganui…
UCOL, Whanganui and Partners and Chamber of Commerce Business Forum present – WorkWell and how it will benefit your workplace come find out and network on Monday 20th February see more detail
The IRD will be presenting a number of seminars about Starting a business as well as GST workshops , if you know someone 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.
Local Business Smokefree 2017 Council is currently reviewing its Smokefree policy and bylaw. Proposals to extend smokefree areas are to include outside all public accessible building entrances. As a local business the Council would like to hear from you- whether you are supportive or not, Council needs to understand how smokefree spaces may affect your business.
NZHouse sales (Top) House prices rise, sales volumes ease
Median house prices have risen and sales volumes have stayed flat or fallen across New Zealand in December 2016 when compared to December 2015, according to the latest figures released today by REINZ, source of the most recent, complete and accurate real estate data in New Zealand.
The national median sale price rose 11% year-on-year to $516,000, just $4,000 from its record high of $520,000 in November. On a seasonally adjusted basis the national median price firmed 11.8% year-on-year. Wellington led five of the 12 regions to record high median sale prices in December and almost all regions have hit new record median prices in the past three months. Outside Auckland, December saw a new record median price of $420,000.
The volume of sales for December 2016 was 6,533, a decline of 11% compared to December 2015. On a seasonally adjusted basis sales for December fell less than 1%, in line with expectations for this time of year.
In Auckland the median sale price rose 9.1% year-on-year to $840,000. Sales volumes across the region were 2% lower than November 2016 on a seasonally adjusted basis.
NZ Retail Card Spend (Top) All indicators for retail spending were up over the previous year except for fuel sales still reflecting the lower fuel prices. Appliances, apparel and department stores performed least impressively. Fuel prices appear to have stabilised which will help to contribute to some positive inflation.
Top Categories were takeaways, bars cafes and restaurants and accommodation which is a consistent with previous trends.
NZ New Vehicle Sales (Top) New Vehicle sales in New Zealand have continued to remain positive in spite of increases in new vehicle prices in December . In December 2015 a total of 7110 new cars were sold and in In December 2016 the figure was up to 8 069 an increase of 13.5%.
The year has ended with positive trends in all indicators monitored.
Sales volumes rose 10% compared to December 2015, with sales rising 27% in Manawatu Country, 19% in Feilding and Median Price Volume Sold 16% Palmerston North. Compared to November sales volumes fell 19%, with sales rising 3% in Feilding, but falling 7% in Levin and 18% in Wanganui. On a seasonally adjusted basis sales across the region fell 6%, indicating that the fall in sales was greater than normal.
The number of days to sell was steady at 26 days compared to November. The number of days to sell improved by three days compared to December 2015. Over the past 10 years the average number of days to sell during December for the region has been 42 days. The median price across the region rose $20,000 (+8%) compared to December 2015. Prices rose 21% in Manawatu Country, 10% in Palmerston North and 6% in Levin. Compared to November the median price fell $9,000 (-3%), with prices rising 5% in Wanganui, 4% in Palmerston North, but falling across the rest of the region. On a seasonally adjusted basis the median price fell 3% compared to November.
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
The bottom three sectors were
Fuel (Lower pump prices- which in effect is a positive)
Apparel (flat and affected by changed market dynamics)
Card spend comparison by region monthly growth over previous year
Source Market View Card spend comparison by region month growth over previous year
Source Market View Whanganui still ended the year with good year on year electronic card sales performance with the lower petrol price also affecting the final figure downward.
Whanganui New Vehicle Sales (Top) In December 2016 new vehicle sales were down on the previous year with 35 vehicles sold as opposed to 81 sold in the previous year pushing the moving average growth down once again to 5.5% the overall trend is still in positive territory. The trend over the longer term still remains positive in spite of the erratic nature of sales in this sector. December was a bad month for new car sales in Whanganui but growth is still up on 12 months ago.
In December 2016 there were 43 Building Consent applications. Based on a 12 month moving average we have seen an improvement in number of consents passed with the value of consents in the region of $ 5million per month on average.
Topic: WorkWell and how it will benefit your workplace Speakers: Jamie Procter & Sarah Hawken Date: Monday 20 February 2017 Time: 12—1pm Light finger food lunch, Guest presentation, 2 minute speed promos for personal/business or event, 1-1:30pm Networking Venue: Ground floor Library Lounge , UCOL Campus, 16 Rutland Street, Wanganui
If you would like to step up for your 2minutes of self/business/event promotion please email with your name and organisation with RSVP by Friday 17th February to Bronwyn Paul, firstname.lastname@example.org
WorkWell: Sarah Hawken, Health Promotion Manager for the Public Health Centre and Jamie Procter, Coordinator for Healthy Families Whanganui, Rangitikei, Ruapehu, will present an overview of current workplace wellbeing initiatives that can be directed by businesses themselves or through utilising wellness planning frameworks, such as WorkWell. Sarah and Jamie will discuss some wellbeing areas that local businesses are planning and creating action around, while also providing useful links for small businesses to assist with healthy changes within their organisation.
Organisational: Ensuring your workplace policies, procedures, formal and informal rules, all support and encourage staff wellbeing Environmental: Addressing factors in the physical work environment that could either hinder or facilitate staff wellbeing Individual: Providing opportunities that support and encourage staff to increase their knowledge, behaviours and beliefs or attitudes around wellbeing
We hope to see you there so you can start your 2017 with a WorkWell focus! (Top)
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
Tuesday 21 February 2017 9.30am to 11.30am
Tuesday 16 May 9.30am to 11.30am
what is GST
record keeping – cash book
IRD online service
using IRD’s interactive Tool for business
Tuesday 21 March 2017 9.30am to 12.30pm
Tuesday 20 June 9.30am to 12.30pm
Where all workshops and seminars are held at : Community Legal Advice Whanganui, 76 Guyton Street, Whanganui CLAW Whanganui 76 Guyton Street Whanganui