Auckland Economic Update – September 2016
Data is latest available as at start of month and is for Auckland Region unless otherwise stated

6.5%
(AEG)

-2%

Jun-12

Jun-14

Jun-16

Rest of NZ

Jun-10

Jun-12

Jun-14

45

$825,000

35

$600,000

30

$500,000

25

31,388

$400,000
$300,000

20
15

$200,000

10

$100,000

5

Jul-10

Jul-12

Real monthly median sale price (LHS)

Jul-14

Moving annual total (000s)

$700,000

0
Jul-16

Number of sales (RHS)

0

10,000

2000

8,000

1600

6,000

1200

$1,639m

4,000

2,000
0
Jul-06

800

400

Jul-08

Dwelling consents (LHS)

Jul-10

Jul-08
Auckland

2400

9,622

Jul-12

Jul-14

0
Jul-16

10%
8%
6%
4%
2%
0%
-2%
-4%
-6%
-8%
-10%

Jul-10

Jul-12

Jul-14

7,000

35,000

6,000

30,000

5,000

25,000

30,293,000
(RONZ)

4,000

20,000

3,000

15,000

2,000

10,000

1,000

5,000

0
0
Jun-06 Jun-08 Jun-10 Jun-12 Jun-14 Jun-16

Jul-16

Auckland (LHS)

Rest of New Zealand

Rest of New Zealand (RHS)

Confidence indicators 3, 4
+8.3% (AKL)

140

80%

130

60%

27.0%

120
110

+2.4%
(RONZ)

Jun- Jun- Jun- Jun- Jun- Jun- Jun- Jun- Jun- Jun- Jun06 07 08 09 10 11 12 13 14 15 16

Real value of non-residential consents (RHS)

Auckland

Rest of New Zealand

40%
20%

100

0%

101.4

90

-20%

80

-40%

70

-60%

60
Jun-06

Jun-08

Jun-10

Consumer confidence (LHS index)

Jun-12

Jun-14

-80%
Jun-16

Business confidence (RHS %)

Sources:
 Ross.Wilson@aucklandcouncil.govt.nz

 09 486 8561

 Harshal.Chitale@aucklandcouncil.govt.nz

 09 890 2339

Other contacts:
Harshal Chitale – Senior Economist

5,000

Real retail sales growth

Primary contact:
Ross Wilson – Analyst

10,000

Unemployment rate

12,000

40

15,000

-15,000
Jul-06

Jun-16

New building consents

$800,000

Jul-08

Jun-08

Annual employment growth

$900,000

20,000

-10,000

-6%
Jun-06

Annual average percent change

Jun-10

31,951
(AKL)

-5,000

-4%

Jun-08

25,000

40,000

Moving annual total (000s)

0%

30,000

7,274,000
(Auckland)

8,000

37,064 (RONZ)

35,000
Moving annual total

4%

2%

House sales 2

$2016 [*]

4.7%
(UR)

6%
+2.3%
(RONZ)

Tourism – Guest nights

40,000

8%

Auckland

$0
Jul-06

Net migration

10%

Moving annual total (000s)

Employment and unemployment [**]
+3.2%
(AKL)

Moving annual total ($2016m)[*]

5%
4%
3%
2%
1%
0%
-1%
-2%
-3%
-4%
-5%
Jun-06

Moving annual total (number)

Annual average percent change

Real GDP Growth1

All data is from Statistics New Zealand unless otherwise stated below:
(1) Infometrics, Quarterly Economic Monitor. Recent GDP estimates are subject to revisions. (2) Real Estate Institute of
New Zealand. (3) Westpac McDermott Miller. Values over 100 indicate more optimists than pessimists. (4) New Zealand
Institute of Economic Research, Quarterly Survey of Business Opinion. Measures the net percentage of firms that
believe the general business situation will improve in the next six months.
[*] All historic $ converted to latest quarter equivalent $ using quarterly price index.
[**] Historic HLFS data to March 2016 rebased August 2016 by SNZ, but not fully compatible with June 2016 onwards.

Disclaimer - The information in this document is given in good faith and has been obtained from sources believed to be reliable and accurate at the date of preparation, but its accuracy, correctness and completeness cannot be guaranteed.