Business confidence growing in Hamilton

17 February 2016

Business confidence growing in Hamilton

Other industries are keeping Waikato’s economy alive, despite massive slashes to dairy payouts.

Property Council Waikato Branch believes there are many business opportunities in the region, as one of New Zealand’s high growth areas.

At a Property Council event tomorrow, industry leaders and experts will give presentations on the region’s property market outlook and predict trends for the economy in 2016.

The highly anticipated evening will look at major economic and financial trends and the impact on the property industry.

Mike Neale, Managing Director of Commercial Sales and Leasing at NAI Harcourts who is speaking at the event says other industries are providing a much needed economic boost.

“Business confidence, especially among manufacturers and the construction industry, is having significant spinoff benefits to the greater Hamilton area.

“The low dairy payout does not seem to be effecting the market at this point and interest rates, which appear likely to remain low for the foreseeable future, are without any doubt helping fuel activity.”

Waikato Branch President Thomas Gibbons says there is far more activity in the Waikato than traditionally perceived.

“We are open for business and the whir of economic activity happening in our region is a testament to that. The industries directly and indirectly associated with commercial property are significant contributors to our regional and national economies.

“Everyone I talk to in the industry is flat out with work. It is important that the sector is recognised for its critical role in creating modern cities, employment and building desirable communities.

“The property industry deserves its seat at the table of economic development and decision-making.”

Other speakers include BNZ Chief Economist Tony Alexander, Hamilton City Council Economic Analyst Chris Simpson and KPMG Tax Director John Adams.

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