Kiwis are known for our resilience, and so is our economy as it appears. Despite the disruption caused from yet another lockdown, the Wellington economy continues to remain in good health.
In fact, the economy has surpassed all expectations in recent months, with domestic activity growing in leaps and bounds. Fortunately, lockdowns are rare in New Zealand, at least compared to the rest of the world, which is a continual help.
Wellington’s economic activity continues to grow, supported by an expansion of the public sector and increased construction activity. Retail sales are up on a year ago and card spending is back to pre-Covid-19 levels, boosting the economy. Over the coming year, economists at Westpac are expecting Wellington’s economic activity to gain further momentum.
Community events like the Stan Walker concert tour and the Wellington & Garden Home Show are similarly doing their part to encourage community spirit, consumer spending, helping Wellington thrive. The focus to support local
All in all Wellington is surpassing all expectations despite bumps in the road along the way. Hopefully soon Auckland will have their Delta outbreak under control and begin recovering.
Here at HiAtlas we are still getting steady demand for furnished apartments with available properties being snapped up quickly, we'd love to hear from you if you have any requirements or have a property that would fit in our portfolio.