Though New Zealand may have had a hiccup recently with Covid-19 cautions, we’ve quickly got back on track and it’s all looking good. We look at how the Wellington economy has been thriving since.
How Our Economy is Fairing
The Wellington and New Zealand economy is well on its way in recovery. Our success in containing the virus has meant we’re recovering much faster than our overseas trading partners. This, combined with strong labour market outcomes, has seen economic activity rebound to the point that some sectors are now running into capacity constraints.
Trans-Tasman travel Bubble Partially Open
People coming from Victoria, South Australia, Tasmania, Queensland, Northern Territory, Western Australia, and ACT can now travel here freely without quarantining, if they can provide evidence of a negative pre-departure test within 72 hours of boarding. The suspension of quarantine-free travel was a big blow for the recovering tourism sector, which hit during the first week of school holidays in Australia, but the big spike since we re-entered the travel bubble is expected to help us catch up.
Local Community Events
Despite the recent hiccup, Wellington is still as lively as ever. Matariki new year celebrations has been bringing people together across the city, with fireworks, hangi, public Maori myth storytellings, and Matariki night sky experiences. And of course, concerts, comedy events, sport games, and the upcoming WOAP continue to bring people into Wellington, giving a great boast to the vibrant Wellington culture we know and love.
As ever, Wellington is a great place to be, with available properties being snapped up quickly here at HiAtlas. We'd love to hear from you if you have any requirements or have a property that would fit in our portfolio.