Auckland has almost 32,000 new migrants to cater for and $1.6 billion of new commercial building consents to oversee, meaning the city is experiencing its biggest growth spurt in a decade.
In the city's latest economic update, compiled by Auckland Council using publicly-available information and information it subscribes to, data shows the region has experienced an increase in activity in the year ended 30 June 2016.
The data for the last year shows:
- Auckland's real gross domestic product (GDP) grew by 3.2 per cent (rest of New Zealand: 2.3 per cent).
- Net migration saw 31,951 new migrants arrive in Auckland (rest of NZ: 37,064).
- 9622 building consents for dwellings lodged, with non-residential consents valued at $1.6m.
- Real retail sales grew at 8.3 per cent (rest of NZ: 2.4 per cent).
- The monthly median sale price for Auckland houses is at $825,000 for the month of July 2016 (and for the year ended July 2016 there were 31,388 house sales).
- Auckland's tourism guest nights clocked in at 7.27 million (Rest of NZ: 30.29 million).
The data reflects economic growth for the entire Auckland region and was compiled by the council's economic, social research and evaluation analyst Ross Wilson.
Wilson used publicly-available information and subscription information from Statistics New Zealand, the Real Estate Institute of New Zealand, Infometrics.co.nz, the New Zealand Institute of Economic Research and Westpac McDermott Miller.