Gisborne economy still in top six

"We’re a region where young people, especially, can get ahead and home ownership is a reality.”

"We’re a region where young people, especially, can get ahead and home ownership is a reality.”

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GISBORNE'S economy is still ranked in the top half of New Zealand, with a new report saying it is expected to climb further in coming months.

The latest ASB/Main Report economic scoreboard ranked Gisborne’s economy as the sixth-best performier in New Zealand.

Although that was two places lower than at the end of last year, the report pointed out the region was still in the top half of regional economies and was “looking pretty good” compared to past performances.

“The wider region tops the country for guest nights growth, which is really encouraging. We are also seeing strong house price growth in the region, and a reasonable turnover.”

The value of construction work over the first three months of the year grew 20 percent, with $14 million of construction consents put in place in the first three months of the year.

The report said there was also a “reasonable” amount of work in the pipeline.

“We are keeping the region on three stars, and hope to see signs of improvement over the past two scoreboards.”
Other highlights included a 16 percent rise in new car sales.

Activate Tairawhiti chief executive Steve Breen said while the report suggested there was not a lot of residential construction activity, which was holding us back, this appeared to be changing with work in the pipeline.

“We have seen an increase in house prices but perhaps not enough to push more people into building their own.

“We’re still one of the few regions where it is possible to own your own home, especially for first home buyers or young families, and with job growth occurring across a number of sectors we’re a region where young people, especially, can get ahead and home ownership is a reality.”

GISBORNE'S economy is still ranked in the top half of New Zealand, with a new report saying it is expected to climb further in coming months.

The latest ASB/Main Report economic scoreboard ranked Gisborne’s economy as the sixth-best performier in New Zealand.

Although that was two places lower than at the end of last year, the report pointed out the region was still in the top half of regional economies and was “looking pretty good” compared to past performances.

“The wider region tops the country for guest nights growth, which is really encouraging. We are also seeing strong house price growth in the region, and a reasonable turnover.”

The value of construction work over the first three months of the year grew 20 percent, with $14 million of construction consents put in place in the first three months of the year.

The report said there was also a “reasonable” amount of work in the pipeline.

“We are keeping the region on three stars, and hope to see signs of improvement over the past two scoreboards.”
Other highlights included a 16 percent rise in new car sales.

Activate Tairawhiti chief executive Steve Breen said while the report suggested there was not a lot of residential construction activity, which was holding us back, this appeared to be changing with work in the pipeline.

“We have seen an increase in house prices but perhaps not enough to push more people into building their own.

“We’re still one of the few regions where it is possible to own your own home, especially for first home buyers or young families, and with job growth occurring across a number of sectors we’re a region where young people, especially, can get ahead and home ownership is a reality.”

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Niels Zindel - 6 months ago
Getting a home loan with the part-time or dodgy employment prospects there may be frightening to some, especially the banks!

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