A109 Light Utility Helicopter flight with mayor Gisborne City from the air in November 2023.
The region’s economic activity remains strong as we head towards Christmas. New vehicle registrations are still high, average house prices have continued to rise and consented new building activity has seen an overall 11 percent increase in value.
Statistics NZ information indicates the region’s total population has been growing quietly,
with increasing net international migration gains over the past three years ending September (176 for the year ended September 2017 versus 114 to September 2016 and 45 for the year to September 2015).
House sales in Gisborne City for the September 2017 year were down 8 percent on the previous year, however Quotable Value NZ information indicates that the median selling price was up 16 percent to $272,000, with the average house price in the region increasing 28 percent since the beginning of 2016.
New motor vehicle registrations remain high, with total registrations for the September 2017 quarter up 14 percent on the September 2016 quarter figure and 4 percent higher than the June 2017 quarterVisitor arrivals into the region staying in commercial accommodation were up 7.2 percent for the September 2017 year (latest results available) compared to the previous September 2016 year, while commercial visitor night-stays were up 9.7 percentTotal visitor spend in the Gisborne region during the year ended September 2017 increased 4.4 percent on the previous September yearTotal Port of Gisborne international export-import tonnages rose approximately 4 percent over the latest September 2017 year. The total fob (free on board) value of exports rose 14 percent in current dollar terms.Overall, to the year ended June 2017 (latest available monitoring period), the Gisborne economy grew by 3 percent, compared to the national growth figure of 2.7 percent.
Consented new building activity saw a:
