Property industry’s economic contribution doubles to $50.2b over 10 years: report

Property industry’s economic contribution doubles to $50.2b over 10 years: report
The average property value increase across all regions was 49% from 2019 to 2023, the Property Council NZ report says. (Image: Supplied)
John Anthony
The property industry’s direct contribution to the New Zealand economy nearly doubled to $50.2 billion, or 15% of total GDP, between 2012 and 2022, the latest Property Council report shows.The just-released New Zealand Property Industry Impact Report 2024, produced for the council by research consultancy Urban Economics, said the sector also had flow-on impacts of $92.4b from increased supplier activity and employee spending, with a total economic impact of $142.7b.Urban Economics estimated that real estate services contributed...

More Property

Du Val’s Clarkes ordered to deliver up
Property

Du Val’s Clarkes ordered to deliver up

Another court ruling in the Du Val saga. 

Victoria Young 20 Dec 2024
Nikki Connors retiring due to ‘mental and physical toll’
Property

Nikki Connors retiring due to ‘mental and physical toll’

Connors managed to starve off a freezing order this year.

Riley Kennedy 20 Dec 2024
Wayne Brown proposes new housing plan change
Infrastructure

Wayne Brown proposes new housing plan change

The mayor wants to ditch the current plan change and lodge a new one next year.

Oliver Lewis 20 Dec 2024
George Kerr loses appeal on BNZ debt
Property

George Kerr loses appeal on BNZ debt

BNZ is bringing bankruptcy proceedings against the expat investor over an $84m debt.

Maria Slade 19 Dec 2024