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.
New Zealand Economy
- Recent domestic data and business surveys point to a continuation of solid economic and employment growth over the second half of 2016
- Consumer price inflation is re-emerging for the first time in two years, although wage inflation remains subdued
- Initial market optimism on US and global growth prospects under US President Donald Trump has faded as uncertainty has increased
Read the full report here….
NZ House 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.
Read the Full report here…
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.
Whanganui and Region House sales (Top)
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)
- Other Retail
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.
Building Consents – Whanganui (Top)
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.
Source Whanganui District Council