Whanganui And Partners

Business Whanganui Newsletter March 2016

Business Whanganui Newsletter

March, 2016

  
Welcome to the March edition of our newsletter.

Whanganui’s economy continues to track steady we have a number of events all worth attending this month check them out.

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.

We would like to know your thoughts please follow this link and let us know what you think about this newsletter it is important to us that we provide a useful tool for our business community.

Business Matters

  • Treasury reports that key economic data released in February suggest positive momentum from the December quarter continued to the end of 2015, although at a slightly slower pace.
  • NZ property market -7,291 dwellings sold in New Zealand in February 2016, up 44.4% on January and up 5.7% on February 2015. This is the highest number of sales in February for nine years.
  • Retail card sales for New Zealand have shown slightly slower growth for the same period last year the with only accommodation and takeaways over the 5% growth level compared to the previous year .
  • New Vehicle  sales in New Zealand have continued to grow and in recent months the 12 month moving average growth has increased at a slower rate..
  • Our traffic light system gives a snapshot of the current economy. In January the trend has remained stable with indications of growth still the dominant factor although at a slower rate.
  • Whanganui’s economy:- very encouraging house sales volumes with a 44% growth in sales volumes sales of new vehicles  still picking up slightly, buildingconsents  have remained steady to flat caused by is a fair amount stock of buildings in the commercial, industrial and residential markets. Electronic Card sales were still buoyant. The number of bed nights has been down on a month on month basis but still the 12 month figure is up on last year we attribute this in part to the recovery from the severe weather event of June 2015
  • Whanganui District Council are inviting expressions of interest from suitably experienced agents for the marketing and sale of four forestry blocks.
  • The Whanganui District Council invites proposals from suitable Earthworks and Civil Engineering Contractors to tender for the Quarrying Services Contract 1698.

Happening in Whanganui…

  • A must attend Business Forum – John Jung is an award-winning urban planner, urban designer, economic developer, author, global urban navigator and speaker on planning, development, urban design and economic development related issues, especially related to “smart cities” and “intelligent communities”.
  • Join experts in market research and planning, FORWARD Insight & Strategy and the Ministry of Business, Innovation and Employment (MBIE) for a free four-hour interactive workshop for tourism operators in your region, and tap into the growing value of the China visitor market.
  • You are invited to the launch of the Whanganui international education strategy to be held at UCOL on the 19th April.
  • How do you turn that great business idea into reality? Adam from Liftoff will speak about what should be in a good business plan, the type of support you should look for and especially options to raise start-up funding. Liftoff is New Zealand’s only Crowdfunding platform that works with local specialists like Whanganui and Partners to wrap full support around a budding entrepreneur.

If you are interested in more detail or would like a copy of this newsletter as a PDF file or any suggestions/additions please fill out our survey.
Please remember to join  us on our Whanganui and Partners Facebook page to keep up with what is happening on a regular basis we like to be liked as well!

Chris Heywood

Source WDC Mar 16
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New Zealand Economy

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Executive Summary
  • Real GDP grew by a stronger than expected 0.9% in the December quarter. Growth strengthened markedly in the second half of 2015.
  • Growth is expected to moderate in the first half of 2016, as subdued farm incomes weigh on business investment.
  • Lower terms of trade and low inflation dampened nominal GDP, and the terms of trade may fall further as dairy prices declined in early 2016.
  • The annual current account deficit narrowed on the back of growth in export services.
The economy expanded by a stronger-than-expected 0.9% in the December quarter 2015, the same pace of growth as in the September quarter, following 0.3% growth in both the March and June quarters. Growth was driven by increases in private consumption and residential investment, reflecting record net migration inflows and an expansion in residential construction in Auckland. In addition, continued elevated tourist arrivals following their earlier surge also supported the level of GDP.

Growth is expected to moderate to around 0.6% a quarter in the first half of 2016 as business investment and exports are expected to be subdued. Business fixed investment is expected to slow owing to lower farm incomes, which reflected a fall in dairy prices. In addition, the earlier high livestock slaughter may weigh on agricultural production and exports in coming quarters. However, the growth outlook remains solid, supported by high population growth, residential investment led by Auckland and low interest rates.

Read the full report here….
source: Treasury

NZ House sales (Top)

First Home Buyers Active Over Summer Break.

Summary

  • 7,291 dwellings sold in New Zealand in February 2016, up 44.4% on January and up 5.7% on February 2015. This is the highest number of sales in February for nine years.
  • On a seasonally adjusted basis the number of dwellings sold fell by 1.67% compared to January.
  • National median price of $450,000, up $20,000 (+4.7%) on February 2015 and up 0.4% on January
  • New record national median prices in Waikato/Bay of Plenty, Hawke’s Bay, Wellington, Nelson/Marlborough and ‘New Zealand excluding Auckland’.
  • A 17% rise in the number of sales over $1 million between February 2016 and February 2015 — from 577 to 675
  • 20,093 dwellings sold by auction in the 12 months to February 2016, representing 22.1% of all sales, an increase of 43% in the number sold by auction in the 12 months to February 2015.

Read the Full report here…

source REINZ

NZ Retail Card Spend (Top)

The slower growth in retail card spend continued in February with only accommodation and takeaways over the 5% growth level compared to the previous year . Fuel sales have remained in negative territory which continues to significantly to lower inflation.
Top Categories were takeaways, bars cafes and restaurants and accommodation which is the same as January 2016.
Source Marketview

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 February 2015 a total of 7057 new cars were sold and in February 2016 the figure was down to 7 191 a small increase of 0.1%.  The slowing growth since October has continuesd.

Source MIA 

Local Economy

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.

Whanganui and Region House sales (Top)

Sales volumes rose 41% compared to January, with sales rising 44% in Palmerston North, 44% in Wanganui and 37% in Feilding. Compared to February 2015 sales volumes rose 19%, with sales rising 44% in Manawatu Country and Wanganui, 21% in Levin and 10% in Palmerston North.
The median price across the region rose $18,000 (+8%) compared to January with prices rising 9% in Levin and 1% in Palmerston North. Compared to February 2015 the median price rose $6,000 (+3%), with prices rising 8% in Wanganui and 1% in Palmerston North.
The number of days to sell was steady at 44 days in February compared to January. Compared to February 2015 the number of days to sell improved by 21 days (3 weeks). Over the past 10 years the median number of days to sell across the Manawatu/Wanganui region in February has averaged 56 days.

Source MREINZ


Whanganui Card Spend(Top)
The top category this month was Appliances with Bars cafes and restaurants still showing continued growth.
Top 3 sectors were
  1. Hardware and Homeware
  2. Bars cafes and restaurants
  3. Appliances

The bottom three sectors were

  1. Apparel (flat and affected by changed market dynamics)
  2. Fuel (Lower pump prices- which in efect is a positive)
  3. Furniture and Flooring
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 February 2016
Whanganui had better year on year electronic card sales than most of the TLA’s in the Manawatu Whanganui Region and still above the New Zealand Spend by 0.4%
Source Market View

Whanganui New Vehicle Sales (Top)
In January 2016 new vehicle sales were up on the previous year again with 62 new vehicles sold as opposed to 43 sold in the previous year pushing the moving average growth further up to 2.6% there are large fluctuations in sales from month to month but 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.

Source MIA

Building Consents – Whanganui (Top)

In February 2016 there were 49 Building Consent applications. Based on a 12 month moving average we have seen a very slight improvement in number of consents passed with the value of consents indicating decline. The 12 month average value of building consents has stabilised at around $4.5 million.

Source Wanganui District Council

Tourism (Top)

In 12 months to January 2016 guest nights were up by 4.9 % which still indicates growth for the 12 month period however there was a decline in October with signs of recovery in following months. Backpackers and Motels have improved and in Jan 2016 were similar to the 2 previous years. We do not have access to the same information on Hotels and Holiday parks due to the low number of establishments and confidentiality concerns Tourism NZ suppress these figures.
Source-Stats NZ

News



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Topic:  Whanganui NZ – international top 7 intelligent community

Speaker:  John Jung

Date:  26 April 2016 (Tuesday)

Time:  Business forum (12 – 1pm), Brainstorming session (1 – 1:30pm)

Venue:  Room e.2.15, UCOL campus, 16 Rutland Street, Whanganui

Introducing the Speaker:

John Jung is an award-winning urban planner, urban designer, economic developer, author, global urban navigator and speaker on planning, development, urban design and economic development related issues, especially related to “smart cities” and “intelligent communities”.

John is the former CEO of Canada’s Technology Triangle, President and CEO of the Greater Toronto Marketing Alliance and President of the Calgary Economic Development Authority, among numerous executive level planning and development positions in North America.

In addition to his active private sector consulting firm, John is also Chairman and Co-Founder of the NYC-based global think-tank called the “Intelligent Community Forum” (ICF), President of its global non-profit ICF Foundation, and Executive Director of ICF Canada, headquartered in Toronto.

At the business forum, John will focus on the importance of education and developing a knowledge workforce in creating and sustaining innovation ecosystems. He will discuss why collaborating via the Triple Helix model works (public, private and institutional partnerships) and the importance of this model in the future of intelligent communities.

RSVP by 20 April 2016 (Wednesday) to Tony Gan, t.gan@ucol.ac.nz
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Crowd funding opportunity in connection with Liftoff
Morning session to be held at the
War Memorial Centre – Concert Chamber on 22nd April @ 10.30 am. Afternoon session TBA
This session is open to everyone, all businesses and community groups. 

How do you turn that great business idea into reality? Adam from Liftoff will speak about what should be in a good business plan, the type of support you should look for and especially options to raise start-up funding. Liftoff is New Zealand’s only Crowdfunding platform that works with local specialists like Whanganui and Partners to wrap full support around a budding entrepreneur.

Come along for the general morning session, or by sending a brief outline of your idea apply to join the free afternoon workshop for people with a business plan. The afternoon session has limited numbers and is by appointment only. Please register your interest tosuzanne.carrick@whanganuiandpartners.nz mark in the subject line morning or afternoon session.

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Chinese independent tourists: a world of opportunity for your business
Join experts in market research and planning, FORWARD Insight & Strategy and the Ministry of Business, Innovation and Employment (MBIE) for a free four-hour interactive workshop for tourism operators in your region, and tap into the growing value of the China visitor market.

FORWARD was selected by MBIE to undertake a significant piece of research to understand more about Chinese Free & Independent Tourists (FITs). The research was designed with tourism operators in mind, and identifies practical, hands-on opportunities for you to increase the value you derive from this important visitor market. These opportunities exist, whether or not you already welcome Chinese visitors.
Whilst the research is primarily focused on Chinese FITs, many of the findings can also be applied to other visitor markets, both domestic and international.

During the free workshop, which will be tailored specifically to your region, you will find out about topics including:
·         Why Chinese visitors find ’our ordinary their extraordinary’
·         Why all Chinese FITs are not the same and the implications for your business
·         How you can develop and optimise your offer for Chinese FITs
·         The importance of telling Chinese FITs not just what you offer, but why they should choose you
·         How to build on Chinese interest in travelling to New Zealand all year round and discovering new areas of New Zealand
·         Effective digital marketing strategies for connecting with Chinese FITs.

You will get:
·         New practical information to help you make decisions
·         Planning frameworks and worksheets to apply to your business
·         An action plan with priorities
·         A chance to discuss opportunities with others and have your questions answered by our experts.
Find out more information on the NZCN Tourism website
Register online HERE to secure a place at this free workshop

Date: Tuesday 24th May 2016
Time: 9.00am to 1.00pm
Venue: Whanganui War Memorial Centre, Watt Street (Queen’s Park), Whanganui

Click HERE for the venue map

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Formal Invitation
I would like to invite you to the launch of the Whanganui international education strategy to be held at UCOL on the 19th April.
Whanganui & Partners has been working with Education NZ to develop this strategy over the last 6 months and many of you will have had a chance to feed into this process as part of the strategy development.

This forum is a chance to meet representatives from Education NZ, hear about some of the key elements of the strategy, discuss the opportunities it provides and also how you could be part of this exciting development for Whanganui.

The session will run from 10.15am to 12:00pm, with a light lunch provided at the
conclusion.

Format on the day
Welcome
 Education NZ presentation – Richard Kyle
 Education Whanganui presentation – Greg fromont
 Launch of the Whanganui international education strategy – Lyn McCurdy
 Panel discussion / Q&A
 Light lunch
I look forward to seeing you at the launch on the day, in room e.2.15 of the UCOL campus at 16 Rutland Street, Whanganui. Please RSVP your availability to Tony Gan on
t.gan@ucol.ac.nz.
Regards

Greg Fromont
Chair, Education Whanganui
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Introduction to Business Seminars
GST Workshops
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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
  • business structures
  • income tax
  • expenses you can claim
  • good bookkeeping tips
  • GST and more
When:
  • 17 May 2016
  • 16 August 2016
  • 15 November 2016
GST Workshops
  • what is GST
  • GST registration
  • record keeping – cash book
  • basic adjustments
  • GST Filing
  • IRD online service
  • using IRD’s interactive Tool for business
When:
  • 21 June 2016
  • 20 September 2016
  • 29 November 2016
Where all workshops and seminars are held at :
CLAW Whanganui
76 Guyton Street
Whanganui

Booking is essential as there are limited spaces.

email: advisory.palmerstonnorth@ird.govt.nz
ph 0800 377 774
For further information visit their web site www.ird.govt.nz


Tender Notifications(Top)

Expressions of Interest

Contract No.1716: Forestry Sales
Whanganui District Council are inviting expressions of interest from suitably experienced agents for the marketing and sale of four forestry blocks.

The scope of work includes but is not restricted to;
• Develop a marketing strategy for Whanganui District Council
• Market forestry blocks
• Evaluate proposals
• Broker forestry sale agreements

Enquiries regarding any aspect of the contract documents should be submitted in writing (e-mail is acceptable) to Whanganui District Council, marked for the attention of the Engineer to the Contract, Rowan McGregor at Rowan.McGregor@whanganui.govt.nz no later than three days before the tender closing date.

The full tender document can be downloaded from Tender Link atwww.tenderlink.com/whanganui
Tender Link reference: WANGDC-719678
If you are not already registered with Tender Link, please log on as per above to do so.  It is free and easy to register.  For any Tender Link queries, phone 0800 698 363.
Tenders must be submitted online via Tender Link no later than 4.00pm Monday, 18th April 2016.
For any further assistance, please contact the Tenders and Contracts Secretary, Lana Treen, at
lana.treen@whanganui.govt.nz or on 06) 349 3105.

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Request for Tender

Contract 1698: Quarry Services

The Whanganui District Council invites proposals from suitable Earthworks and Civil Engineering Contractors to tender for the Quarrying Services Contract 2016.

Tenderers proposals need to outline, the attributes of the contractor, including a track record demonstrating suitable experience in a quarry environment.

The scope of work includes but is not restricted to;

  • Bulk earth works.
  • Selecting hard rock materials.
  • Crushing and processing.
  • Transport to sites.

The full tender documents may be downloaded from Tender Link at www.tenderlink.com/whanganuior a hard copy of the Tender Document can be collected from Council’s front desk.  The Tender Link reference is: WANGDC-718426
If you are not already registered with Tender Link, please log on as per above to do so.  It is free to register.  For any Tender Link queries, please phone 0800 698 363.

Enquiries regarding any aspect of the tender documents should be submitted in writing (e-mail is acceptable) to Whanganui District Council, marked for the attention of the Engineer to the Contract, Ian Moore at ianmooreis@gmail.com no later than three days before the tender closing date.

Tender submissions must be lodged in clearly labelled envelopes for this tender, in the Tenders Box at the Council’s Municipal Building, 101 Guyton Street, no later than 4.00pm, Monday 18th April 2016.
For any further assistance, please contact the Tenders and Contracts Secretary, Lana Treen, atlana.treen@whanganui.govt.nz or on 06) 349 3105.

 

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